March 15, 1999

Mr. President:

Your FINANCE COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 1, line 18, after "fund" insert "operating reserve".

2. On page 1, lines 24 and 25, strike "economic development department receiving notification" and insert in lieu thereof "state receiving a written commitment".

3. On page 2, line 1, strike "a finalist" and insert in lieu thereof "one of three finalists".

4. On page 2, line 4, after "fund" insert "operating reserve".

Respectfully submitted,

__________________________________

Ben D. Altamirano, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 8 For 0 Against

Yes: 8

No: 0

Excused: Campos, Ingle, McKibben, Smith, Tsosie

Absent: None

S0479FC1 .129140.1