March 10, 1999

Mr. Speaker:

Your BUSINESS AND INDUSTRY COMMITTEE, to whom has been referred

SENATE BILL 428, as amended

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

1. Strike Items 10, 17, 18 and 19 of Senate Floor Amendment 1.

2. Strike Senate Floor Amendment 2.

3. Strike Senate Corporations and Transportation Committee Amendments 5, 6, 7, 8 and 9.

4. Strike Senate Judiciary Committee Amendments 27, 28, 35 and 36.

5. On page 1, line 14, strike "CREATING A" and on line 15, strike "FUND;".

6. On page 1, line 16, strike "MAKING AN APPROPRIATION;".

7. On page 11, strike lines 17 through 20 in their entirety.

8. Reletter the succeeding subsections accordingly.

9. On page 13, line 18, strike "shall" and insert in lieu thereof "may".

10. On page 16, line 17, strike "system benefits charge and".

11. On pages 34 and 35, strike Section 13 in its entirety.

12. Renumber the succeeding sections accordingly.

13. On page 35, line 11, after the first occurrence of "costs" strike the comma and insert in lieu thereof "and".

14. On page 35, line 11, strike "and the system".

15. On page 35, line 12, strike "benefits charge".

16. On page 35, line 13, after "utility" strike the remainder of the line and insert in lieu thereof a period.

17. On page 35, strike lines 14 through 19 in their entirety.

18. On page 36, strike lines 11 through 25, strike pages 37 and 38 in their entirety and on page 39, strike lines 1 through 13.

19. Renumber the succeeding sections accordingly.

20. On page 53, strike lines 8 and 9 in their entirety.

21. Renumber the succeeding sections accordingly.

22. 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)

The roll call vote was 11 For 0 Against

Yes: 11

Excused: None

Absent: J.G. Taylor

128894.1

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