April 5, 2001

SENATE EXECUTIVE MESSAGE NO. 59

The Honorable Richard Romero and

Members of the Senate

Executive-Legislative Building

Santa Fe, New Mexico 87503

Honorable President and Members of the Senate:

I have this day VETOED and am returning SENATE BILL 109, as amended, with certificate of correction, enacted by the Forty-Fifth Legislature, First Session, 2001.

This bill provides technical cleanup and changes to the Education Retirement Act. Although I look favorably upon most of these changes, I do not agree with the provision of the bill that allows persons to purchase service credit for time spent in the military. This section of the bill does not provide a limit on the number of years purchased, which could render the Education Retirement Board’s actuarial tables unsound and conflict with federal tax laws.

Sincerely,

Gary E. Johnson

Governor

RECEIVED FROM THE OFFICE OF THE GOVERNOR:

Time: _____________________ By:_____________________________

Secretary of State

Date ______________________

Time:______________________

Date_______________________ By:_____________________________

Chief Clerk of the Senate

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