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