FORTY-SECOND LEGISLATURE SB 373/a
SECOND SESSION, 1996
January 31, 1996
Mr. President:
Your WAYS AND MEANS COMMITTEE, to whom has been referred
SENATE BILL 373
has had it under consideration and reports same with recommendation
that it DO PASS, amended as follows:
l. On page 2, line 1, strike "appropriated and".
2. On page 3, between lines 17 and 18, insert the following new
subsection:
"B. The New Mexico finance authority may issue and sell
revenue bonds authorized by this section when the superintendent of
insurance certifies the need for issuance of the bonds. The net
proceeds from the sale of the bonds are appropriated to the
department of insurance for the purposes described in Subsection A of
this section.".
3. Reletter the succeeding subsections accordingly.
4. On page 3, line 18, after "surcharge" insert "shall be".
5. On page 3, line 20, strike "are appropriated to the
authority".
6. On page 3, line 23, strike "appropriated" and insert in lieu
thereof "distributed".
7. On page 4, line 5, strike "shall be made available" and
insert in lieu thereof "may be appropriated by the legislature".,
and thence referred to the FINANCE COMMITTEE.
Respectfully submitted,
__________________________________
TITO D. CHAVEZ, Chairman
Adopted_______________________ Not Adopted_______________________
(Chief Clerk) (Chief Clerk)
Date ________________________
The roll call vote was 6 For 1 Against
Yes: 6
No: Rawson
Excused: Wiener
Absent: 0
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