State of New Mexico
                      House of Representatives
  
                      FORTY-THIRD LEGISLATURE
                        FIRST SESSION, 1997
  
  
                                                February 27, 1997
  
  
  Mr. Speaker:
  
       Your BUSINESS AND INDUSTRY COMMITTEE, to whom has
  been referred
  
                        HOUSE BILL 871
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 3, line 5, after "A.", strike the remainder of the
  line, strike line 6 up to "any" and insert in lieu thereof "Before".
  
       2.  On page 3, line 7, before "sale" insert "public".
  
       3.  On page 3, line 12, after "at" strike the remainder of the
  line and insert in lieu thereof "public sale or if the bonds cannot
  be sold at public sale, as provided in Subsection B of this section,
  then the bonds may be sold at a negotiated sale or private sale".
  
       4.  On page 3, line 13, before the period insert "or the
  United States".
  
       5.  On page 3, line 16, before "in", insert "at least one week
  prior to the date of the sale,".
  
       6.  On page 3, line 17, strike the underscored language.
  
       7.  On page 3, line 19, strike "sealed".
  
  
       8.  On page 4, line 7, before the period insert "or the United
  States".
  
       9.  On page 4, line 9, strike "transition" and insert in lieu
  thereof "transmission".
  
       10.  On page 4, line 10, before "if" insert "or the United
  States".
  
       11.  On page 5, line 9, before the period insert "or the
  United States".,
  
  and thence referred to the APPROPRIATIONS AND FINANCE
  COMMITTEE.
  
                                Respectfully submitted,
  
  
  
                                                                 
                                                              Fred Luna, Chairman
  
  
  Adopted                       Not Adopted                       
            (Chief Clerk)                       (Chief Clerk)
  
                         Date             
  
  The roll call vote was 8
    For 0  Against
  Yes:      8
            Excused:  Alwin, Kissner, Lutz, Varela
            Absent:   Getty
  
  
  .117869.1
  G:\BILLTEXT\AMEND_97\H0871BI1