FORTY-SEVENTH LEGISLATURE

FIRST SESSION, 2005

February 9, 2005

Mr. Speaker:

    Your TAXATION AND REVENUE COMMITTEE, to whom has been referred

HOUSE BILL 332

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

1. On page 3, strike lines 20 through 25 in their entirety.

     2. On page 4, strike lines 1 through 6 in their entirety and on line 7, strike "(3)" and insert in lieu thereof the following:

          "H. The board of trustees of a community land grant-merced governed pursuant to the provisions of Chapter 49, Article 1 NMSA 1978 or by statutes specific to the named land grant-merced shall be allowed to match the highest bid at a public auction, which shall entitle the board of trustees to purchase the property for the amount bid if:

                (1) the property is situated within the boundaries of that land grant-merced as shown in the United States patent to the grant; and

                (2)".