March 14, 2001

Mr. Speaker:

Your BUSINESS AND INDUSTRY COMMITTEE, to whom has been referred

SENATE BILL 797, as amended

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

1. Strike Items 2 and 3 of Senate Floor Amendment 1.

2. On pages 1 through 3, strike Section 1 in its entirety.

3. Renumber the succeeding sections accordingly.

4. On page 4, line 20, strike "five hundred" and insert in lieu thereof "six hundred".

5. On page 5, line 13, strike "one thousand two hundred" and insert in lieu thereof "seven hundred fifty".

6. On page 5, line 20, remove the brackets and line through "twelve" and strike "sixteen".,

and thence referred to the TAXATION AND REVENUE COMMITTEE.

Respectfully submitted,

Fred Luna, Chairman

Adopted Not Adopted

(Chief Clerk) (Chief Clerk)

The roll call vote was 12 For 1 Against

Yes: 12

No: Hobbs

Excused: None

Absent: None

.138000.2

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