State of New Mexico House of Representatives FORTY-THIRD LEGISLATURE FIRST SESSION, 1997 March 19, 1997 Mr. Speaker: Your LABOR AND HUMAN RESOURCES COMMITTEE, to whom has been referred HOUSE BILL 1151 has had it under consideration and reports same with recommendation that it DO PASS, amended as follows: 1. On page 1, lines 24 and 25, and on page 2, lines 1 and 2, strike the underscored material and the comma following it. 2. On page 2, line 16, strike "and". 3. On page 2, line 20, strike the period and quotation mark and insert in lieu thereof "; and". 4. On page 2, between lines 20 and 21, insert the following: "D. any municipal affiliated public employer increasing the percentage amount of the employee contribution it elects to make under this section shall submit a resolution to the association by July 1 of the fiscal year in which the increase will take place indicating the percentage of the employee contribution that will be made by the municipal affiliated public employer." "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.""., and thence referred to the APPROPRIATIONS AND FINANCE COMMITTEE. Respectfully submitted, Rick Miera, Chairman Adopted Not Adopted (Chief Clerk) (Chief Clerk) Date The roll call vote was 5 For 0 Against Yes: 5 Excused: Foy, Gentry, S. Williams Absent: None .118966.1 G:\BILLTEXT\AMEND_97\H1151LA1