FIFTY-FOURTH LEGISLATURESB 491/a

FIRST SESSION, 2019



March 1, 2019


Mr. President:


    Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred


SENATE BILL 491


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


    1. On pages 3 and 4, strike Subsection E in its entirety and insert in lieu thereof the following new subsection:


         "E. The commission shall establish by rule fiduciary, security and insurance safeguards for the money deposited with and paid out or distributed by the New Mexico horse breeders' association pursuant to the Horse Racing Act.".,


and thence referred to the JUDICIARY COMMITTEE.




                               Respectfully submitted,




                               ___________________________________

                               SENATOR CLEMENTE SANCHEZ, CHAIRMAN




Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)



                  Date ________________________



The roll call vote was 7 For 0 Against

Yes:      7

No:       0

Excused: Tallman

Absent:   None



SB0491CT1.wpd                                              .214361.1