New Mexico 2025 2025 Regular Session

New Mexico Senate Bill SB495 Introduced / Fiscal Note

Filed 02/25/2025

                    Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance 
committees of the Legislature. LFC does not assume responsibility for the accuracy of these reports if they 
are used for other purposes. 
 
F I S C A L    I M P A C T    R E P O R T 
 
 
SPONSOR Campos 
LAST UPDATED 
ORIGINAL DATE 2/24/2025 
 
SHORT TITLE Higher Education Radio 
BILL 
NUMBER Senate Bill 495 
  
ANALYST Jorgensen 
 
ESTIMATED ADDITIONAL OPERATING BUDGET IMPACT* 
(dollars in thousands) 
Agency/Program 
FY25 FY26 FY27 
3 Year 
Total Cost 
Recurring or 
Nonrecurring 
Fund 
Affected 
HED No fiscal impact No fiscal impact No fiscal impact No fiscal impact Recurring 
Other state 
funds 
Total No fiscal impact No fiscal impact No fiscal impact No fiscal impact Recurring 
Other state 
funds 
Parentheses ( ) indicate expenditure decreases. 	*Amounts reflect most recent analysis of this legislation. 
 
Sources of Information
 
LFC Files 
 
Agency Analysis Received From 
Higher Education Department (HED) 
SUMMARY 
 
Synopsis of Senate Bill 495   
 
Senate Bill 495 (SB495) amends the educational television equipment replacement fund to 
include expenditure at public schools, adds radio equipment as an eligible use, and makes a 
technical change to clarify the fund is nonreverting. This bill does not contain an effective date 
and, as a result, would go into effect 90 days after the Legislature adjourns if enacted, or June 20, 
2025. 
 
FISCAL IMPLICATIONS  
 
SB495 does not include an appropriation nor does it add additional duties to the Higher 
Education Department. Therefore, the bill has no fiscal impact. 
 
SIGNIFICANT ISSUES 
 
The current statute excludes radio stations at all institutions and does not include radio stations 
housed at public schools. These entities would be eligible to receive funding from this source 
should SB495 be enacted. 
 
 
CJ/hj/hg/sgs