February 28, 1999

SENATE FLOOR AMENDMENT number _______ to SENATE BILL 408, as amended

Amendment sponsored by Senator Manny M. Aragon

1. On page 14, line 5, strike "Within sixty", strike lines 6 through 19 and insert in lieu thereof: "On July 1, 1999, a telecommunications carrier that serves more than two hundred fifty thousand access lines in the state shall sign an agreement with the state, to be executed on behalf of the state by the governor, identifying and guaranteeing specific investments in the amount of forty million dollars ($40,000,000) in telecommunications infrastructure and other equipment that the telecommunications carrier will make, in addition to deploying fiber to Farmington, New Mexico, all to be completed by December 31, 2001. To monitor and review the progress of the deployment of the telecommunications infrastructure and equipment, the telecommunications carrier shall report quarterly to the legislative telecommunications investment and economic development committee hereby created. The committee shall have six members from which the members shall elect a chair. The committee is composed of three members of the senate appointed by the president pro tempore of the senate and three members of the house of representatives appointed by the speaker of the house of representatives. No more than two members from either chamber shall be from the same political party. Disputes arising pursuant to the agreement described in this section shall be resolved through binding arbitration before a single arbitrator selected by the presiding judge of the first judicial district. Arbitration may be demanded by either party and, once invoked, shall commence within ten days.".

2. On page 15, line 23, after "authority" insert "to provide local exchange service".

_______________________________

Manny M. Aragon

Adopted ___________________ Not Adopted ________________________

 (Chief Clerk) (Chief Clerk)

Date _________________