March 18, 1999

HOUSE FLOOR AMENDMENT number ______ to SENATE BILL 408, as amended

Amendment sponsored by Representative Ted Hobbs

1. Strike House Appropriations and Finance Committee amendment 3.

2. On page 7, strike lines 14 through 23 and insert in lieu thereof:

"C. Except as provided in Subsection G of this section:

(1) the prices for residence dial tone access line services offered by a telecommunications carrier that serves more than two hundred fifty thousand access lines in New Mexico, approved and in effect on March 1, 1999, shall be reduced by two dollars forty-eight cents ($2.48) on July 1, 1999 and capped for ten years from that date;

(2) the prices for business dial tone access line services offered by a telecommunications carrier that serves more than two hundred fifty thousand access lines in New Mexico shall be capped for five years from July 1, 1999 at thirty-four dollars ($34.00); and

(3) a telecommunications carrier may increase or decrease the prices of dial tone access line services that are capped pursuant to Paragraph (1) or (2) of this subsection by filing a price list pursuant to Subsection B of this section, but the proposed price shall not exceed the capped prices established for business and residence dial tone access line services pursuant to the Telecommunications Investment and Economic Development Act.".

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Adopted ___________________ Not Adopted ___________________________

 (Chief Clerk) (Chief Clerk)

Date ________________