February 13, 2002

SENATE FLOOR AMENDMENT number __1____ to HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR HOUSE BILL 88, as amended

Amendment sponsored by Senator Manny M. Aragon

1. On page 11, line 11, strike Subsection 1 in its entirety and strike the subsection designation "2.".

2. On page 105, between lines 14 and 15, insert the following new section to read:

"Section 29. DAM REHABILITATION STATEWIDE--WATER PROJECT FUND--OFFICE OF THE STATE ENGINEER--SEVERANCE TAX BONDS.--Pursuant to the provisions of Section 1 of this act, upon certification by the office of the state engineer that the need exists for the issuance of the bonds, five million dollars ($5,000,000) is appropriated to the water project fund for rehabilitation of existing earthen or concrete dams throughout the state that may be ordered breached by the state engineer because of dam safety considerations.".

3. On page 107, line 10, strike "amounts are" and insert in lieu thereof "amount is" and on line 14 strike "purposes:" and insert in lieu thereof "purpose,".

4. On page 107, strike lines 15 and 16 in their entirety and on line 17 strike the subsection designation "2.".

5. On page 109, between lines 8 and 9, insert the following new sections to read:

"Section 37. DAM REHABILITATION PROJECT--OFFICE OF THE STATE ENGINEER--CAPITAL PROJECTS FUND.--Two million five hundred thousand dollars ($2,500,000) is appropriated from the capital projects fund to the office of the state engineer for expenditure in fiscal years 2002 through 2007, unless otherwise provided in Section 2 of this act, for dam rehabilitation for Eagle Nest lake in Colfax county, contingent on the state obtaining long-term use of the lake.

Section 38. WATER SUPPLY AND ENDANGERED SPECIES COLLABORATION PROJECTS--WATER PROJECT FUND--CAPITAL PROJECTS FUND.--Seven million five hundred thousand dollars ($7,500,000) is appropriated from the capital projects fund to the water project fund for expenditure in fiscal years 2002 through 2007, unless otherwise provided for in Section 2 of this act, in the following amounts for the following purposes:

A. two million dollars ($2,000,000) for capital improvements on the San Juan river for endangered fish species recovery in San Juan county;

B. one million five hundred thousand dollars ($1,500,000) for capital improvements on the Rio Grande for endangered fish species recovery;

C. two million dollars ($2,000,000) for capital improvements related to the Ute dam water supply infrastructure project;

D. one million dollars ($1,000,000) for capital improvements related to the Navajo-Gallup water supply project; and

E. one million dollars ($1,000,000) for capital improvements related to the Pojoaque Valley regional water supply project.".

6. Renumber succeeding sections accordingly.

_______________________________

Manny M. Aragon

Adopted ___________________ Not Adopted ________________________

 (Chief Clerk) (Chief Clerk)

Date _________________