FORTY-SIXTH LEGISLATURE

FIRST SESSION, 2003





March 10, 2003





Mr. Speaker:



Your APPROPRIATIONS AND FINANCE COMMITTEE, to whom has been referred



HOUSE BILL 966



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



1. On page 3, line 13, after the paragraph designation insert "until January 1, 2007, a member who was".



2. On page 3, strike lines 16 through 24, strike line 25 up to the period and insert in lieu thereof "for each year of allowed service credit desired an amount equal to the actuarial value of the service purchased as defined by the board. Payment pursuant to this paragraph may be made in installments, at the discretion of the board, over a period not to exceed one year and, if the sum paid does not equal the amount required for any full year of allowed service credit, the member shall acquire allowed service credit for that period of time that is proportionate to the payment made subject to the federal Uniformed Services Employment and Reemployment Rights Act of 1994".



3. On page 4, line 4, after "The" strike the remainder of the line, strike all of lines 5 through 15 and strike line 16 through "the".



4. On page 5, line 7, strike "thereby" and insert in lieu thereof "by that act. No allowed service credit shall be purchased pursuant to Paragraph (3), (4) or (5) of Subsection A of this section unless the member is currently employed by a local administrative unit".



Respectfully submitted,







Max Coll, Chairman





Adopted Not Adopted

(Chief Clerk) (Chief Clerk)



Date



The roll call vote was 15 For 0 Against

Yes: 15

Excused: Begaye, King, Varela

Absent: None





.146879.1

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