FORTY-THIRD LEGISLATURE
                        SECOND SESSION, 1998
  
  
                                                 February 7, 1998
  
  
  Mr. Speaker:
  
       Your BUSINESS AND INDUSTRY COMMITTEE, to whom has
  been referred
  
                        HOUSE BILL 435
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 4, line 18, after "municipality" insert a
  comma and strike "or" and after "county" insert "or public
  entity".
  
       2.  On page 4, line 24, after "municipality" insert a
  comma and strike "or" and before "that" insert "or public
  entity".
  
       3.  On page 9, line 16, strike "Subsection F of Section
  10-7C-9 NMSA 1978 or".
  
       5.  On page 9, line 22, strike "Subsection D or E" and
  insert in lieu thereof "Subsection D, E or G".
  
       6.  On page 9, line 23, strike "and".
  
       7.  On page 9, between lines 23 and 24, insert the
  following new subsection:
  
            "N.  "public entity" means a flood control
  authority, economic development district, council of
  governments, regional housing authority, conservancy district
  or other special district or special purpose government; and".
  
       8.  Reletter the succeeding subsection accordingly.
  
       9.  On page 17, line 7, after "employer" insert "or
  retirement system employer, as defined in Subsection G of
  Section 10-7C-4 NMSA 1978".
  
       10.  On page 17, line 9, strike "1993" and insert in lieu
  thereof "1998" and strike "preliminary".
  
       11.  On page 17, lines 16 through 23, strike Subsection F
  in its entirety.
  
       12.  Reletter succeeding subsections accordingly.
  
       13.  On page 18, line 12, strike "1993" and insert in
  lieu thereof "1998" and strike "preliminary".
  
       14.  On page 18, line 13, after "contributions" insert
  "determined by the board".
  
       15.  On page 19, line 1, after the period insert:
  
       "Each employer that chooses to become a participating
  employer after January 1, 1998 shall make contributions to the
  fund in the amount determined to be appropriate by the
  board.".
  
       16.  On page 19, line 7, after the period insert:
  
       "As a condition of employment, each participating
  employee of an employer that chooses to become a participating
  employer after January 1, 1998 shall contribute to the fund an
  amount that is determined to be appropriate by the board.".
  
       17.  Adjust cross-references to correspond with these
  amendments.
  
  
  
  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:  Hobbs, Lutz, Varela
            Absent:   Getty, J. G. Taylor
  
  
  .122976.1
  .123125.1
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