0001| HOUSE BILL 667
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0002| 42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003| 1996
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0004| INTRODUCED BY
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0005| DANIEL P. SILVA
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0006|
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0007|
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0008|
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0009|
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0010|
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0011| AN ACT
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0012| MAKING AN APPROPRIATION; TRANSFERRING FUNDS FROM THE FIRE
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0013| PROTECTION FUND TO THE EMPLOYERS ACCUMULATION FUND AND MATCHING
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0014| THE APPROPRIATION BY EMPLOYERS OR EMPLOYEES, OR BOTH, OF
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0015| PARTICIPANTS IN THE MUNICIPAL FIRE MEMBER PLANS.
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0016|
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0017| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018| Section 1. APPROPRIATION.--
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0019| A. Three hundred ninety thousand dollars ($390,000)
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0020| is appropriated from the fire protection fund to the employers
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0021| accumulation fund in the Public Employees Retirement Act for
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0022| expenditure in fiscal year 1997 for the purpose of funding
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0023| municipal fire member coverage plans. The state treasurer shall
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0024| transfer the appropriation to the employers accumulation fund on
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0025| or before July 31, 1996. The amount of the appropriation shall
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0001| be matched by employers or employees, or both, of participants
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0002| in the municipal fire member plans by a contribution of an
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0003| amount equal to one percent of the employer's monthly payroll
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0004| for fiscal year 1997.
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0005| B. Any unexpended or unencumbered balance remaining
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0006| at the end of fiscal year 1997 shall not revert to the fire
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0007| protection fund.
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0008| State of New Mexico
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0009| House of Representatives
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0010|
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0011| FORTY-SECOND LEGISLATURE
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0012| SECOND SESSION, 1996
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0013|
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0014|
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0015| February 10, 1996
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0016|
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0017|
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0018| Mr. Speaker:
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0019|
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0020| Your APPROPRIATIONS AND FINANCE COMMITTEE, to
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0021| whom has been referred
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0022|
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0023| HOUSE BILLS 667 and 693
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0024|
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0025| has had them under consideration and reports same with
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0001| recommendation that they DO NOT PASS, but that
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0002|
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0003| HOUSE APPROPRIATIONS AND FINANCE COMMITTEE
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0004| SUBSTITUTE
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0005|
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0006| FOR HOUSE BILLS 667 and 693
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0007|
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0008| DO PASS.
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0009|
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0010| Respectfully submitted,
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0011|
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0012|
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0013|
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0014|
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0015| Max Coll, Chairman
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0016|
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0017|
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0018| Adopted Not Adopted
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0019|
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0020| (Chief Clerk) (Chief Clerk)
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0021|
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0022| Date
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0023|
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0024| The roll call vote was 15 For 2 Against
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0025| Yes: 15
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0001| No: Knowles, Reyes
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0002| Excused: Watchman
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0003| Absent: None
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0004|
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0005|
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0006|
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0007| H0667AF1 HOUSE APPROPRIATIONS AND FINANCE COMMITTEE SUBSTITUTE FOR
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0008| HOUSE BILLS 667 & 693
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0009| 42nd legislature - STATE OF NEW MEXICO - second session, 1996
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0010|
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0011|
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0012|
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0013|
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0014|
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0015|
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0016|
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0017| AN ACT
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0018| RELATING TO PUBLIC RETIREMENT; PROVIDING FOR VOLUNTEER AND
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0019| MUNICIPAL FIREFIGHTERS RETIREMENT; AMENDING A SECTION OF THE
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0020| NMSA 1978; MAKING AN APPROPRIATION.
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0021|
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0022| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0023| Section 1. Section 10-11A-3 NMSA 1978 (being Laws 1983,
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0024| Chapter 263, Section 3) is amended to read:
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0025| "10-11A-3. VOLUNTEER FIREFIGHTERS RETIREMENT FUND--CREATION--TRANSFER OF FUNDS FROM THE [FIRE PROTECTION]
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0001| GENERAL FUND.--
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0002| A. There is created the "volunteer firefighters
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0003| retirement fund" in the state treasury. All annuities and
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0004| benefits in lieu of annuities shall be paid from the fund as
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0005| provided in the Volunteer Firefighters Retirement Act.
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0006| B. Beginning in [the seventy-third] fiscal year
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0007| 1997, the state treasurer shall transfer annually on or before
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0008| the last day of July [five hundred thousand dollars
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($500,000)] seven hundred fifty thousand dollars ($750,000)
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0010| from the [fire protection] general fund to the credit of the
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0011| volunteer firefighters retirement fund."
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0012| Section 2. APPROPRIATION.--
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0013| A. Three hundred thousand dollars ($300,000) is
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0014| appropriated from the general fund to the employers accumulation
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0015| fund in the Public Employees Retirement Act for expenditure in
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0016| fiscal year 1997 for the purpose of funding municipal fire
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0017| member coverage plans. The state treasurer shall transfer the
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0018| appropriation to the employers accumulation fund on or before
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0019| July 31, 1996. The amount of the appropriation shall be matched
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0020| by employers or employees, or both, of participants in the
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0021| municipal fire member plans by a contribution of an amount equal
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0022| to one percent of the municipal fire member plan's monthly
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0023| payroll for fiscal year 1997.
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0024| B. Any unexpended or unencumbered balance remaining
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0025| at the end of fiscal year 1997 shall not revert to the general
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0001| fund.
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0002|
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0003|
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0004| FORTY-SECOND LEGISLATURE
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0005| SECOND SESSION, 1996
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0006|
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0007|
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0008| February 14, 1996
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0009|
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0010| Mr. President:
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0011|
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0012| Your FINANCE COMMITTEE, to whom has been referred
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0013|
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0014| HOUSE APPROPRIATIONS AND FINANCE
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0015| COMMITTEE SUBSTITUTE FOR
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0016| HOUSE BILLS 667 & 693
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0017|
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0018| has had it under consideration and reports same with recommendation
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0019| that it DO PASS.
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0020|
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0021| Respectfully submitted,
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0022|
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0023|
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0024|
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0025| __________________________________
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0001| Ben D. Altamirano, Chairman
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0002|
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0003|
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0004|
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0005| Adopted_______________________ Not Adopted_______________________
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0006| (Chief Clerk) (Chief Clerk)
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0007|
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0008|
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0009|
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0010| Date ________________________
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0011|
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0012|
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0013| The roll call vote was 8 For 0 Against
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0014| Yes: 8
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0015| No: 0
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0016| Excused: Donisthorpe, Duran, Ingle, Kidd, Kysar
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0017| Absent: None
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0018|
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0019|
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0020| H0667FC1
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0021|
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