FIFTIETH LEGISLATURESB 329/a

FIRST SESSION, 2011

February 11, 2011

Mr. President:

    Your EDUCATION COMMITTEE, to whom has been referred

SENATE BILL 329

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

    1. On page 3, line 1, after "governor", insert "and approved by the senate" and after the period, insert "Each member appointed pursuant to this paragraph shall have a background in investments, finance or pension fund administration.".

    2. On page 6, between lines 19 and 20, insert the following section:

    "SECTION 3. TEMPORARY PROVISION--APPLICATION OF ACT.--The amendment in this act to Paragraph (6) of Subsection B of Section 22-11-3 NMSA 1978 shall apply only to appointments made after the effective date of this act and shall not affect the status of existing appointees to the educational retirement board.".,

and thence referred to the PUBLIC AFFAIRS COMMITTEE.

                               Respectfully submitted,

                               ___________________________________

                               Cynthia Nava, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 6 For 0 Against

Yes:      6

No:       0

Excused: Fischmann, Garcia, Kernan, Nava

Absent:   None

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