March 5, 2003

Madam 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 14, strike "Four hundred fifty thousand" and strike all of lines 15 through 19 and insert in lieu thereof the following:

"One million five hundred fifty thousand dollars ($1,550,000) is appropriated from the Reed Act distribution fund, consisting of funds made available to the state of New Mexico on March 13, 2002 pursuant to Section 209 of the federal Temporary Extended Unemployment Compensation Act of 2002, to the labor department for expenditure in fiscal years 2004 through 2007 to support high school career centers in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2007 shall revert to the Reed Act distribution fund.".

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: Carraro, Jennings

Absent: None

S0416FC1 .146730.1