FORTY-THIRD LEGISLATURE
                             FIRST SESSION
  
  
                                                      March 10, 1997
  
  
  HOUSE FLOOR AMENDMENT number ___1___ to HOUSE BILL 945
  
  Amendment sponsored by Representative Ben Lujan
  
  
    1.  On page 2, line 2, strike "government" and insert in lieu
  thereof "department of energy".
  
    2.  On page 3, between lines 2 and 3, insert the following new
  section:
  
    "Section 2.  EFFECTIVE DATE--CONTINGENCY--INTERNAL REVENUE SERVICE
  RULING.--On or before April 30, 1997, the public employees retirement
  association shall seek a ruling from the internal revenue service that
  this 1997 act does not jeopardize the qualified status of the public
  employees retirement plan.  The provisions of this act shall become
  effective on the date that the association receives a favorable ruling. 
  If the association receives an unfavorable ruling, the provisions of
  this 1997 act are null and void.".
  
  
  
                                        ___________________________
                                        
  
  
  
  Adopted ___________________   Not Adopted ___________________________
           (Chief Clerk)                       (Chief Clerk)
  
  
                  Date ________________