FORTY-EIGHTH LEGISLATURESB 854/a

FIRST SESSION, 2007

March 4, 2007

Madam President:

    Your FINANCE COMMITTEE, to whom has been referred

SENATE CORPORATIONS AND TRANSPORTATION COMMITTEE SUBSTITUTE FOR SENATE BILL 854

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

    1. On page 1, line 19, strike "secretary" and insert in lieu thereof "department".

    2. On page 1, lines 22 through 24, strike Subsection B in its entirety and insert in lieu thereof a new Subsection B to read:

         "B. The money in the fund shall be distributed to public transit agencies in rural areas and public transit agencies in New Mexico municipalities that are within another state's urbanized area to match federal grant funds for general public transit operations. The fund shall not provide more than fifty percent of the required local match needed by a public transit agency. No money in the fund shall be used for expenses associated with commuter rail services.".

    3. On page 2, line 3, before the period insert "or the secretary's designated representative".

                               Respectfully submitted,

                               __________________________________

                               John Arthur Smith, Co-Chair

                               Timothy Z. Jennings, Co-Chair

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 7 For 0 Against

Yes:     7

No:      0

Excused: Cisneros, Rodriguez, Sanchez, B.

Absent:  None

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