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 13, after "ACT" strike the remainder of the line, strike lines 14 and 15 and insert in lieu thereof a period.

2. On page 2, line 20, strike "a legislator or".

3. On page 2, line 21, strike the period and insert in lieu thereof "; and" and between lines 21 and 22 insert the following new paragraph to read:

"(5) the state shall not make any group insurance contributions for legislators. A legislator shall be eligible for group benefits only if the legislator contributes one hundred percent of the cost of the insurance.".

4. On page 6, line 8, strike "forty" and insert in lieu thereof "one hundred".

5. On page 7, line 25 through page 19, line 13, strike Sections 4 through 6 in their entirety.

6. Renumber the succeeding section accordingly.

Respectfully submitted,

__________________________________

Ben D. Altamirano, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 7 For 1 Against

Yes: 7

No: Rawson

Excused: Carraro, Tsosie

Absent: None

S0503FC1 .146738.1