FORTY-SIXTH LEGISLATURE

SECOND SESSION, 2004

February 18, 2004

Mr. Speaker:

    Your APPROPRIATIONS AND FINANCE COMMITTEE, to whom has been referred

SENATE BILL 125, as amended

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

         1. On page 2, strike lines 9 and 10 and strike line 11 through "order" and insert in lieu thereof:

          "B. Pursuant to the following criteria, money in the natural resources trustee fund shall be used".

     2. On page 2, line 18, after "area" strike the remainder of the line and insert in lieu thereof a colon and between lines 18 and 19 insert the following paragraphs:

                "(1) if an expenditure from the fund is necessary to comply with a court order or court-approved settlement or to match federal funds, then, pursuant to Sections 6-3-23 through 6-3-25 NMSA 1978, the natural resources trustee may request a budget increase and, if approved, the amount of the expenditure is appropriated; and

                (2) any other expenditures from the fund shall be made only pursuant to appropriation by the legislature.".

     3. On page 2, line 19, after "to" strike the remainder of the line and insert in lieu thereof "expenditures made pursuant to".