State of New Mexico
                    House of Representatives
  
                    FORTY-SECOND LEGISLATURE
                      SECOND SESSION, 1996
  
  
                                               February 10,1996
  
  
  Mr. Speaker:
  
     Your APPROPRIATIONS AND FINANCE COMMITTEE, to whom
  has been referred
  
                         HOUSE BILL 708
                                
                                 has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
     1.  On page 2, strike lines 8 through 11 an insert in lieu      
        thereof:
  
     "(4)  to support temporary negative balances in any         state fund or account if the secretary of financeand
       administration finds that amounts sufficientto cover the
       negative balance are in anotherstate fund or account and,
       pursuant to established distribution procedures, will be 
       transferred to the account with the negative balance in the
       normal course of business.".
  
     2.  On page 2, lines 12 and 13, strike "transferred or used to 
  support periodic allotments" and insert in lieu thereof "used
  pursuant to Subsection A of this section".
  
     3.  On page 2, lines 15 and 16, strike "by the end of the" and
  insert in lieu thereof "for that".
                                                                        
                                   Respectfully submitted,
  
  
  
                                                               
                              Max Coll, Chairman
  
  
  Adopted                          Not Adopted                       
          (Chief Clerk)                       (Chief Clerk)
  
                       Date             
  
  The roll call vote was  12  For  1  Against
  Yes:         12
  No:          Bird
  Excused:     Buffett, Casey, Gentry, Martinez, Wallace
  Absent: None
  
  
                                                               
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