March 14, 2001

Mr. Speaker:

Your BUSINESS AND INDUSTRY COMMITTEE, to whom has been referred

SENATE BILL 375, as amended

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

1. On page 11, line 17, after "income" insert "shall include receipts of medicaid managed care premiums but".

2. On page 12, line 12, strike "fifty" and insert in lieu thereof "fifteen".

3. On page 24, between lines 21 and 22, insert the following new section:

"Section 15. TEMPORARY PROVISION--INTENT.--The intent of the amendment by this act to Subsection A of Section 59A-54-10 NMSA 1978 is to clarify that the calculation of assessments pursuant to Section 59A-54-10 NMSA 1978 includes medicaid managed care premiums. The specific inclusion of medicaid managed care premiums by this act shall not be interpreted to mean that medicaid managed care premiums were intended to be excluded from the calculation of assessments before the effective date of this act.".

Respectfully submitted,

Fred Luna, Chairman

Adopted Not Adopted

(Chief Clerk) (Chief Clerk)

The roll call vote was 11 For 0 Against

Yes: 11

Excused: Foley, Taylor JG

Absent: None

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