0001| SENATE BILL 687
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0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003| 1996
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0004| INTRODUCED BY
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0005| MANNY M. ARAGON
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0006|
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0007|
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0008|
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0009|
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0010|
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0011| AN ACT
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0012| RELATING TO STATE FUNDS; CREATING THE RISK RESERVE IN THE
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0013| GENERAL FUND; PROVIDING FOR TRANSFERS INTO AND EXPENDITURES FROM
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0014| THE RISK RESERVE UNDER CERTAIN CIRCUMSTANCES; DECLARING AN
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0015| EMERGENCY.
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0016|
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0017| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018| Section 1. [NEW MATERIAL] RISK RESERVE CREATED IN THE
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0019| GENERAL FUND.--
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0020| A. The "risk reserve" is created in the general
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0021| fund. The risk reserve shall consist of all money transferred
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0022| to the risk reserve pursuant to Sections 10-2-16, 13-5-1,
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0023| 15-7-6, 41-4-23, 51-1-45 and 51-1-46 NMSA 1978. A separate
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0024| account within the risk reserve shall be kept for each source of
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0025| the transfers into the risk reserve. Interest earned on the
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0001| risk reserve shall be credited to the risk reserve.
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0002| B. The risk reserve may be expended only upon
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0003| specific authorization by the legislature in an amount
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0004| authorized by the legislature for the following purposes, as
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0005| designated in the legislative authorization:
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0006| (1) in the event general fund balances,
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0007| including all authorized revenues and transfers to the general
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0008| fund and balances in the general fund operating reserve, but
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0009| excluding balances in the risk reserve, are insufficient to meet
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0010| the level of appropriations authorized from the general fund,
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0011| then necessary amounts from the risk reserve may be authorized
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0012| for transfer to the general fund for use in meeting those
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0013| appropriations; or
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0014| (2) in the event any balance in the state
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0015| government unemployment compensation reserve fund, the local
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0016| public body unemployment compensation reserve fund, the public
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0017| property reserve fund, the public liability fund, the surety
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0018| bond fund or the workers' compensation retention fund is
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0019| insufficient to meet the expenditures required by law to be made
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0020| from each fund, then the necessary amount may be authorized for
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0021| transfer from the appropriate account in the risk reserve to the
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0022| appropriate fund.
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0023| Section 2. Section 10-2-16 NMSA 1978 (being Laws 1978,
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0024| Chapter 132, Section 4, as amended) is amended to read:
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0025| "10-2-16. SURETY BOND FUND.--
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0001| A. There is created in the state treasury a "surety
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0002| bond fund".
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0003| B. Money deposited in the surety bond fund may be
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0004| expended by the department:
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0005| (1) to provide surety bond coverage;
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0006| [(2) to create a retention fund to cover all
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or any portion of the surety bond risks of state agencies and
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covered educational entities;
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(3)] (2) to pay claims of state agencies and
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0010| covered educational entities covered by a surety bond
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0011| certificate of coverage issued by the department; and
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0012| [(4)] (3) to pay any costs and expenses of
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0013| carrying out the provisions of this section.
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0014| C. Claims against the surety bond fund shall be made
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0015| in accordance with a certificate of coverage issued by the
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0016| department to each state agency and covered educational entity.
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0017| If the secretary has reason to believe that the surety bond
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0018| fund, including any transfers to the surety bond fund from the
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0019| risk reserve, would be exhausted by the payment of all claims
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0020| allowed against the fund during a particular state fiscal year,
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0021| the amounts paid for each claim shall be prorated with each
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0022| state agency and covered educational entity receiving an amount
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0023| equal to the percentage that its claims bear to the total of
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0024| claims outstanding and payable from the fund. Any amounts due
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0025| and unpaid as a result of such proration shall be paid in the
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0001| following fiscal years.
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0002| D. The department shall collect or transfer funds
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0003| from each state agency and covered educational entity to cover
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0004| costs of coverage of employees of the agency as required by this
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0005| section. Money collected or transferred from a state agency or
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0006| covered educational entity pursuant to this subsection shall be
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0007| deposited in the surety bond fund.
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0008| E. The department may provide individual surety bond
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0009| coverage protecting employees who are employers or supervisors
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0010| from personal losses for which they may be responsible, which
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0011| losses were caused by the lack of honesty or faithful
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0012| performance of employees under their supervision or control.
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0013| F. The department shall have the right to recover
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0014| from a public employee for any loss under the Surety Bond Act
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0015| for which the public employee was responsible.
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0016| G. The risk management advisory board shall review:
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0017| (1) specifications for all surety bond coverage
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0018| to be purchased by the department;
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0019| (2) the form and legal sufficiency of any
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0020| surety bond coverage to be purchased by the department; and
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0021| (3) the form, purpose and content of any surety
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0022| bond certificate of coverage to be issued by the director.
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0023| H. Before the beginning of each fiscal year, the
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0024| risk management advisory board shall calculate the current cash
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0025| balance in the surety bond fund, all revenue projected to be
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0001| deposited into the fund during the next fiscal year and all
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0002| expenditures projected to be made from the fund during the next
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0003| fiscal year. All projected excess cash balances shall be
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0004| transferred to the risk reserve. Excess cash balances shall be
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0005| calculated as the current cash balance plus projected revenue
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0006| minus projected expenditures."
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0007| Section 3. Section 13-5-1 NMSA 1978 (being Laws 1981,
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0008| Chapter 101, Section 1, as amended) is amended to read:
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0009| "13-5-1. STATE AGENCY PUBLIC PROPERTY--INSURANCE--RESERVES
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0010| FOR LOSSES OF STATE AGENCIES--PUBLIC PROPERTY RESERVE FUND
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0011| CREATED.--
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0012| A. The risk management division of the general
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0013| services department shall purchase a blanket insurance policy
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0014| for public buildings of state agencies against loss or damage by
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0015| fire, windstorm, hail, smoke, explosion, riot or civil
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0016| commotion. The risk management division may provide coverage to
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0017| covered educational entities under the public property reserve
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0018| fund through blanket or individual policies. [The risk
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management division shall create a reserve for the uninsured
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value of any such public building and for the uninsured loss or
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damage to any such building by flood, subject to any deductible
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which the risk management advisory board determines shall be
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borne by individual state agencies or covered educational
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entities.]
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0025| B. Subject to any deductible to be borne by
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0001| individual state agencies or covered educational entities, the
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0002| risk management division of the general services department
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0003| may purchase insurance [establish reserves or provide a
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combination of insurance and reserves] to:
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0005| (1) cover, in any amount not to exceed
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0006| replacement cost, buildings of state agencies or covered
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0007| educational entities destroyed or damaged by any peril other
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0008| than a peril set forth in Subsection A of this section;
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0009| (2) cover, in any amount not to exceed
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0010| replacement cost, any personal property [which] that is
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0011| destroyed or damaged by any peril; or
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0012| (3) cover, in any amount not to exceed
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0013| replacement cost, any personal property which is stolen.
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0014| C. Any insurance purchased pursuant to Subsections A
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0015| and B of this section may be purchased with such deductible
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0016| provisions as may be deemed desirable by the risk management
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0017| advisory board.
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0018| D. The director of the risk management division of
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0019| the general services department shall include in his annual
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0020| report to the legislature an inventory of all public buildings
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0021| insured by the division, the estimated total value of such
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0022| buildings, the total insured value of such buildings and the
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0023| amount of any deductible or maximum loss provisions in the
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0024| current insurance policy covering such buildings.
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0025| E. There is created in the state treasury the
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0001| "public property reserve fund". The fund shall consist of
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0002| assessments of state agencies and covered educational entities
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0003| deposited in the fund, money appropriated to the fund and money
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0004| received as proceeds of insurance purchased pursuant to this
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0005| section. The fund may be used to:
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0006| (1) purchase property insurance;
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0007| (2) pay any claim covered by a certificate of
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0008| coverage issued by the director of the risk management division
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0009| of the general services department; provided such claims shall
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0010| only be paid to the extent of actual expenses [which] that
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0011| have been or will be incurred to repair, reconstruct and replace
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0012| covered property;
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0013| (3) pay the cost of repair, reconstruction and
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0014| replacement of property and expense incidental thereto arising
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0015| from damage or destruction covered pursuant to this section;
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0016| (4) enter into such consulting and other
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0017| contracts as may be necessary or desirable in carrying out the
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0018| provisions of this section; and
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0019| (5) pay any costs and expenses incurred in
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0020| carrying out the provisions of this section.
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0021| F. The director of the legislative council service
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0022| may elect to cover all or any part of any public buildings or
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0023| property under his jurisdiction through the public property
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0024| reserve fund by giving written notice of such election to the
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0025| director of the risk management division of the general
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0001| services department and paying assessments [which] that the
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0002| director of the risk management division prescribes.
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0003| G. For purposes of this section, "state agency"
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0004| means the state or any of its branches, agencies, departments,
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0005| boards, instrumentalities or institutions.
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0006| H. For the purposes of this section, "covered
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0007| educational entities" means school districts as defined in
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0008| Section 22-1-2 NMSA 1978 and educational institutions
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0009| established pursuant to Chapter 21, Articles 13, 16 and 17 NMSA
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0010| 1978 [which] that request and are granted coverage from the
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0011| risk management division of the general services department, if
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0012| the coverage is commercially unavailable; except that coverage
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0013| shall be provided to a school district only through the public
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0014| school [group] insurance authority or its successor unless the
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0015| district has been granted a waiver by the authority or the
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0016| authority is not offering the coverage for the fiscal year for
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0017| which the division offers its coverage. A local school district
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0018| to which the division may provide coverage may provide for
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0019| marketing and servicing to be done by licensed insurance agents
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0020| who shall receive reasonable compensation for their services.
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0021| [I. The provisions of this section are effective
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July 1, 1990.]
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0023| I. Before the beginning of each fiscal year, the
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0024| risk management advisory board shall calculate the current cash
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0025| balance in the public property reserve fund, all revenue
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0001| projected to be deposited into the fund during the next fiscal
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0002| year and all expenditures projected to be made from the fund
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0003| during the next fiscal year. All projected excess cash balances
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0004| shall be transferred to the risk reserve. Excess cash balances
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0005| shall be calculated as the current cash balance plus projected
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0006| revenue minus projected expenditures."
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0007| Section 4. Section 15-7-6 NMSA 1978 (being Laws 1977,
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0008| Chapter 385, Section 9, as amended) is amended to read:
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0009| "15-7-6. WORKERS' COMPENSATION RETENTION FUND.--
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0010| A. There is created in the state treasury the
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0011| "workers' compensation retention fund".
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0012| B. Money deposited in or appropriated to the
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0013| workers' compensation retention fund may be used by the director
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0014| to:
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0015| (1) purchase workers' compensation insurance;
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0016| [(2) establish appropriate reserves to provide
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workers' compensation coverage for employees of state agencies
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or employees of covered educational entities;
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(3)] (2) pay workers' compensation claims in
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0020| accordance with the Workers' Compensation Act;
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0021| [(4)] (3) enter into consulting and other
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0022| contracts as may be necessary or desirable in carrying out the
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0023| provisions of this section; and
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0024| [(5)] (4) pay any costs or expenses
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0025| incurred in carrying out the provisions of this section.
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0001| C. For the purposes of this section, "covered
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0002| educational entities" means school districts as defined in
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0003| Section 22-1-2 NMSA 1978 and educational institutions
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0004| established pursuant to Chapter 21, Articles 13, 16 and 17 NMSA
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0005| 1978 [which] that request and are granted coverage from the
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0006| risk management division of the general services department, if
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0007| the coverage is commercially unavailable; except that coverage
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0008| shall be provided to a school district only through the public
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0009| school [group] insurance authority or its successor unless the
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0010| district has been granted a waiver by the authority or the
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0011| authority is not offering the coverage for the fiscal year for
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0012| which the division offers its coverage. A local school district
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0013| to which the division may provide coverage may provide for
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0014| marketing and servicing to be done by licensed insurance agents
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0015| who shall receive reasonable compensation for their services.
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0016| D. Before the beginning of each fiscal year, the
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0017| risk management advisory board shall calculate the current cash
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0018| balance in the workers' compensation retention fund, all revenue
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0019| projected to be deposited into the fund during the next fiscal
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0020| year and all expenditures projected to be made from the fund
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0021| during the next fiscal year. All projected excess cash balances
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0022| shall be transferred to the risk reserve. Excess cash balances
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0023| shall be calculated as the current cash balance plus projected
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0024| revenue minus projected expenditures."
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0025| Section 5. Section 41-4-23 NMSA 1978 (being Laws 1977,
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0001| Chapter 386, Section 17, as amended) is amended to read:
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0002| "41-4-23. PUBLIC LIABILITY FUND CREATED--PURPOSES.--
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0003| A. There is created the "public liability fund".
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0004| The fund and any income from the fund shall be held in trust,
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0005| deposited in a segregated account and invested by the general
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0006| services department with the prior approval of the state board
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0007| of finance.
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0008| B. Money deposited in the public liability fund may
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0009| be expended by the risk management division of the general
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0010| services department:
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0011| (1) to purchase tort liability insurance for
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0012| state agencies and their employees and for any local public body
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0013| participating in the public liability fund and its employees;
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0014| (2) to contract with one or more consulting or
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0015| claims adjusting firms pursuant to the provisions of Section 41-4-24 NMSA 1978;
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0016| (3) to defend, save harmless and indemnify any
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0017| state agency or employee of a state agency or a local public
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0018| body or an employee of such local public body for any claim or
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0019| liability covered by a valid and current certificate of coverage
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0020| to the limits of such certificate of coverage;
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0021| (4) to pay claims and judgments covered by a
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0022| certificate of coverage;
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0023| (5) to contract with one or more attorneys or
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0024| law firms on a per-hour basis, or with the attorney general, to
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0025| defend tort liability claims against governmental entities and
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0001| public employees acting within the scope of their duties;
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0002| (6) to pay any costs and expenses incurred in
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0003| carrying out the provisions of this section;
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0004| [(7) to create a retention fund for any risk
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covered by a certificate of coverage;
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(8) to cover personal injury liability risks of
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governmental entities, including the risks set forth in
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Paragraph (2) of Subsection B and Paragraph (2) of Subsection D
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of Section 41-4-4 NMSA 1978, to the extent and to the limits of
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any certificate of coverage;
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(9)] (7) to insure or provide certificates
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0012| of coverage to school bus contractors and their employees,
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0013| notwithstanding Subsection [E] F of Section 41-4-3 NMSA
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0014| 1978, for any comparable risk for which immunity has been waived
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0015| for public employees pursuant to Section 41-4-5 NMSA 1978, if
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0016| the coverage is commercially unavailable; except that coverage
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0017| for exposure created by Sections 41-4-9, 41-4-10 and 41-4-12
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0018| NMSA 1978 shall be provided to its member public school dis-
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0019| tricts and participating other educational entities of the
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0020| public school insurance authority, by the authority, and except
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0021| that coverage shall be provided to a contractor and his
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0022| employees only through the public school [group] insurance
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0023| authority or its successor, unless the district to which the
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0024| contractor provides services has been granted a waiver by the
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0025| authority or the authority is not offering the coverage for the
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0001| fiscal year for which the division offers its coverage. A local
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0002| school district to which the division may provide coverage may
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0003| provide for marketing and servicing to be done by licensed in-
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0004| surance agents who shall receive reasonable compensation for
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0005| their services; and
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0006| [(10)] (8) to insure or provide
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0007| certificates of coverage for any ancillary coverage typically
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0008| found in commercially available liability policies provided to
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0009| governmental entities, if the coverage is commercially
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0010| unavailable.
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0011| C. No settlement of any claim covered by the public
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0012| liability fund in excess of five thousand dollars ($5,000) shall
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0013| be made unless the settlement has first been approved in writing
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0014| by the director of the risk management division of the general
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0015| services department. This subsection shall not be construed to
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0016| limit the authority of an insurance carrier, covering any
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0017| liability under the Tort Claims Act, to compromise, adjust and
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0018| settle claims against governmental entities or their public
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0019| employees.
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0020| D. Claims against the public liability fund shall
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0021| be made in accordance with rules or regulations of the director
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0022| of the risk management division of the general services
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0023| department. If the director of the risk management division has
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0024| reason to believe that the fund, including any transfers to the
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0025| fund from the risk reserve, would be exhausted by payment of
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0001| all claims allowed during a particular state fiscal year,
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0002| pursuant to regulations of the risk management division, the
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0003| amounts paid to each claimant and other parties obtaining
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0004| judgments shall be prorated, with each party receiving an amount
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0005| equal to the percentage his own payment bears to the total of
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0006| claims or judgments outstanding and payable from the fund. Any
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0007| amounts due and unpaid as a result of such proration shall be
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0008| paid in the following fiscal years.
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0009| E. Before the beginning of each fiscal year, the
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0010| risk management advisory board shall calculate the current cash
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0011| balance in the public liability fund, all revenue projected to
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0012| be deposited into the fund during the next fiscal year and all
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0013| expenditures projected to be made from the fund during the next
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0014| fiscal year. All projected excess cash balances shall be
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0015| transferred to the risk reserve. Excess cash balances shall be
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0016| calculated as the current cash balance plus projected revenue
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0017| minus projected expenditures."
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0018| Section 6. Section 51-1-45 NMSA 1978 (being Laws 1977,
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0019| Chapter 227, Section 7, as amended) is amended to read:
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0020| "51-1-45. STATE GOVERNMENT UNEMPLOYMENT COMPENSATION
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0021| RESERVE FUND CREATED--PURPOSES--ASSESSMENTS.--
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0022| A. There is created a "state government unemployment
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0023| compensation reserve fund". The fund and any income from the
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0024| fund shall be held in trust, deposited in a segregated account
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0025| and invested by the director of the risk management division of
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0001| the general services department with the prior approval of the
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0002| state board of finance. Money in the fund is hereby
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0003| appropriated to carry out the purposes of the fund.
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0004| B. The director of the risk management division of
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0005| the general services department shall assess each state agency
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0006| at the end of each calendar quarter in accordance with the rate
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0007| schedule prescribed by the risk management division plus an
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0008| additional amount to pay reasonable costs of administration of
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0009| the fund. Assessments shall be deposited in the state
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0010| government unemployment compensation reserve fund to carry out
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0011| the purposes of Laws 1977, Chapter 227, as amended. The
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0012| director of the risk management division shall approve the
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0013| method of computing the amounts that are payable under this
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0014| subsection by each state agency and the time and manner of
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0015| payments.
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0016| C. Money deposited in the state government
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0017| unemployment compensation reserve fund may be used by the
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0018| director of the risk management division of the general
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0019| services department to:
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0020| (1) pay the department for benefits paid to
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0021| employees of state agencies;
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0022| (2) pay any costs or expenses incurred in
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0023| protesting benefits paid by the department; and
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0024| (3) pay any other costs incurred in carrying
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0025| out the provisions of this section [and
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(4) establish and maintain a reserve fund for
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paying reimbursements of benefits paid to employees of state
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agencies].
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0004| D. Before the beginning of each fiscal year, the
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0005| risk management advisory board shall calculate the current cash
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0006| balance in the state government unemployment compensation
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0007| reserve fund, all revenue projected to be deposited into the
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0008| fund during the next fiscal year and all expenditures projected
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0009| to be made from the fund during the next fiscal year. All
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0010| projected excess cash balances shall be transferred to the risk
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0011| reserve. Excess cash balances shall be calculated as the
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0012| current cash balance plus projected revenue minus projected
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0013| expenditures."
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0014| Section 7. Section 51-1-46 NMSA 1978 (being Laws 1977,
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0015| Chapter 227, Section 8, as amended) is amended to read:
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0016| "51-1-46. LOCAL PUBLIC BODY UNEMPLOYMENT COMPENSATION
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0017| RESERVE FUND CREATED--PURPOSES--ASSESSMENTS.--
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0018| A. There is created the "local public body
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0019| unemployment compensation reserve fund". The fund and any
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0020| income from the fund shall be held in trust, deposited in a
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0021| segregated account and invested by the general services
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0022| department with the prior approval of the state board of
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0023| finance. Money in the fund is hereby appropriated to carry out
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0024| the purposes of the fund.
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0025| B. Any local public body of this state may
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0001| participate in the local public body unemployment compensation
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0002| reserve fund by:
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0003| (1) giving notice to the director of the risk
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0004| management division of the general services department at
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0005| least ninety days prior to the date participation is to begin;
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0006| and
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0007| (2) agreeing to pay at the end of each calendar
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0008| quarter an amount determined pursuant to the rate schedule pre-
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0009| scribed by the risk management division plus such additional
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0010| amount as may be necessary to pay reasonable costs of
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0011| administration.
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0012| C. The director of the risk management division of
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0013| the general services department shall terminate the
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0014| participation of any local public body in the local public body
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0015| unemployment compensation reserve fund if the local public body
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0016| fails to:
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0017| (1) pay any assessment made by the risk
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0018| management division within thirty days after the date of
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0019| assessment; or
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0020| (2) comply with regulations of the risk
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0021| management division.
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0022| D. Money deposited in the local public body
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0023| unemployment compensation reserve fund may be used by the
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0024| director of the risk management division of the general
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0025| services department to:
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0001| (1) reimburse the department for benefits paid
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0002| to public employees covered under the local public body
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0003| unemployment compensation reserve fund during the previous
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0004| calendar quarter;
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0005| (2) pay any costs or expenses incurred in
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0006| protesting benefits paid by the department; and
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0007| (3) pay any costs and expenses incurred in
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0008| carrying out the provisions of this section [and
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(4) establish and maintain a reserve fund for
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paying reimbursements of benefits paid to employees of local
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public bodies].
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0012| E. Before the beginning of each fiscal year, the
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0013| risk management advisory board shall calculate the current cash
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0014| balance in the public body unemployment compensation reserve
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0015| fund, all revenue projected to be deposited into the fund during
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0016| the next fiscal year and all expenditures projected to be made
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0017| from the fund during the next fiscal year. All projected excess
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0018| cash balances shall be transferred to the risk reserve. Excess
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0019| cash balances shall be calculated as the current cash balance
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0020| plus projected revenue minus projected expenditures."
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0021| Section 8. EMERGENCY.--It is necessary for the public
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0022| peace, health and safety that this act take effect immediately.
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0023|
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0024|
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0025| FORTY-SECOND LEGISLATURE
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0001| SECOND SESSION, 1996
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0002|
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0003|
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0004| JANUARY 31, 1996
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0005|
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0006| Mr. President:
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0007|
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0008| Your COMMITTEES' COMMITTEE, to whom has been referred
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0009|
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0010| SENATE BILL 687
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0011|
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0012| has had it under consideration and finds same to be GERMANE, PURSUANT
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0013| TO CONSTITUTIONAL PROVISIONS, and thence referred to the FINANCE
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0014| COMMITTEE.
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0015|
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0016| Respectfully submitted,
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0017|
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0018|
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0019|
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0020|
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0021| __________________________________
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0022| SENATOR MANNY M. ARAGON, Chairman
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0023|
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0024|
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0025|
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0001| Adopted_______________________ Not Adopted_______________________
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0002| (Chief Clerk) (Chief Clerk)
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0003|
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0004|
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0005| Date ________________________
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0006|
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0007|
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0008|
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0009| S0687CC1
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0010|
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0011| FORTY-SECOND LEGISLATURE
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0012| SECOND SESSION, 1996
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0013|
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0014|
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0015| February 14, 1996
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0016|
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0017| Mr. President:
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0018|
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0019| Your FINANCE COMMITTEE, to whom has been referred
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0020|
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0021| SENATE BILL 687
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0022|
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0023| has had it under consideration and reports same with recommendation that
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0024| it DO PASS.
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0025|
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0001| Respectfully submitted,
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0002|
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0003|
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0004|
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0005| __________________________________
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0006| Ben D.Altamirano, Chairman
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0007|
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0008|
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0009|
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0010| Adopted_______________________ Not Adopted_______________________
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0011| (Chief Clerk) (Chief Clerk)
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0012|
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0013|
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0014|
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0015| Date ________________________
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0016|
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0017|
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0018| The roll call vote was 8 For 0 Against
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0019| Yes: 8
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0020| No: 0
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0021| Excused: Donisthorpe, Duran, Ingle, Kidd, Kysar
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0022| Absent: None
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0023|
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0024|
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0025| S0687FC1
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0001| FORTY-SECOND LEGISLATURE
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0002| SECOND SESSION
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0003|
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0004|
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0005| February 14, 1996
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0006|
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0007|
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0008| SENATE FLOOR AMENDMENT number _______ to SENATE BILL 687
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0009|
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0010| Amendment sponsored by Senator Manny M. Aragon
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0011|
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0012|
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0013| 1. On page 1, line 13, after the semicolon insert "MAKING AN
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0014| APPROPRIATION;".
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0015|
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0016| 2. On page 1, line 22, after "41-4-23" strike the comma and insert
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0017| "and" and strike "and 51-1-46".
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0018|
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0019| 3. On page 2, between lines 21 and 22, insert the following
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0020| subsection:
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0021|
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0022| "C. Upon the transfer of any amount pursuant to Paragraph (1)
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0023| of Subsection B of this section, the secretary of finance and
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0024| administration shall determine, on an agency-by-agency basis, how much
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0025| of the transferred amount was derived from federal funds. Upon the
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0001| determination, the secretary shall negotiate a settlement with the
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0002| federal government concerning any reimbursement that may be owed by the
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0003| state. After reporting to the legislative finance committee on the
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0004| results of the negotiations, the secretary is authorized to expend such
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0005| amount from the risk reserve as may be necessary to reimburse, or
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0006| otherwise compensate, the federal government. Such amount is
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0007| appropriated.".
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0008|
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0009| 4. On page 4, line 6, after the period insert "Income from the
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0010| surety bond fund shall be credited to the fund.".
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0011|
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0012| 5. On page 5, line 2, strike "All" and insert in lieu thereof
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0013| "Ninety percent of all".
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0014|
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0015| 6. On page 7, line 2, after "to the fund" insert ", income earned
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0016| by the fund".
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0017|
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0018| 7. On page 9, line 2, strike "All" and insert in lieu thereof
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0019| "Ninety percent of all".
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0020|
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0021| 8. On page 9, line 11, after "in" insert ", earned by".
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0022|
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0023| 9. On page 10, line 20, strike "All" and insert in lieu thereof
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0024| "Ninety percent of all".
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0025|
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0001| 10. On page 14, line 13, strike "All" and insert in lieu thereof
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0002| "Ninety percent of all".
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0003|
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0004| 11. On page 16, line 8, strike "All" and insert in lieu thereof
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0005| "Ninety percent of all".
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0006|
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0007| 12. On pages 16 through 18, strike Section 7 in its entirety.
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0008|
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0009| 13. Renumber the succeeding sections accordingly.
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0010|
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0011|
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0012|
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0013|
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0014| __________________________
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0015| Manny M. Aragon
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0016|
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0017|
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0018|
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0019| Adopted ___________________ Not Adopted _____________________
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0020| (Chief Clerk) (Chief Clerk)
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0021|
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0022|
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0023| Date _________________
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0024|
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0025|
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0001| FORTY-SECOND LEGISLATURE
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0002| SECOND SESSION, 1996
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0003|
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0004|
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0005| February 14, 1996
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0006|
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0007| Mr. President:
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0008|
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0009| Your FINANCE COMMITTEE, to whom has been referred
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0010|
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0011| SENATE BILL 687
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0012|
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0013| has had it under consideration and reports same with recommendation that
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0014| it DO PASS.
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0015|
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0016| Respectfully submitted,
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0017|
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0018|
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0019|
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0020| __________________________________
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0021| Ben D.Altamirano, Chairman
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0022|
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0023|
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0024|
|
0025| Adopted_______________________ Not Adopted_______________________
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0001| (Chief Clerk) (Chief Clerk)
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0002|
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0003|
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0004|
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0005| Date ________________________
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0006|
|
0007|
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0008| The roll call vote was 8 For 0 Against
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0009| Yes: 8
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0010| No: 0
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0011| Excused: Donisthorpe, Duran, Ingle, Kidd, Kysar
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0012| Absent: None
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0013|
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0014|
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0015| S0687FC1
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0016|
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