FORTY-THIRD LEGISLATURE
                          FIRST SESSION
  
  
                                                   March 14, 1997
  
  
                                                                SENATE FLOOR AMENDMENT number _______ to                      
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                                                                9
  
  Amendment sponsored by Senator Pete Campos 
  
  
      1.  On page 2, line 7, strike "2005" and insert in lieu thereof
  "2006".
  
      2.  On page 2, strike lines 13 through 17 and insert in lieu
  thereof:
  
          "C.  The taxation and revenue department is directed to
  withhold an additional administrative fee at the following
  percentage of the net amount to be distributed pursuant to the
  following provisions of law:
  
               (1)  two percent of the net amount to be distributed
  pursuant to Section 7-1-6.12 NMSA 1978; and
  
               (2) six-tenths of one percent of the net amount to be
  distributed pursuant to Section 7-1-6.13 NMSA 1978.".
  
      3.  On page 3, strike lines 2 through 6 and insert in lieu
  thereof:
  
          "E.  The administrative fee to be withheld by the taxation
  and revenue department under Section 7-1-6.12 and 7-1-6.13 NMSA 1978
  shall be set at three percent of the net amount to be distributed
  pursuant to the provisions of those sections.".
  
      4.  On page 3, line 10, strike "2005" and insert in lieu
  thereof "2006".
  
      5.  On page 4, lines 8 through 11, strike the brackets and
  line-through, and on line 11, before "administrative" insert "and
  any additional".
  
      6.  On page 4, line 12, before "Section" insert "Subsection C
  of".
  
      7.  On page 4, lines 22 through 24, strike the brackets and
  line-through and on line 25, before "administrative" insert "and any
  additional".
  
      8.  On page 4, line 25, before "Section" insert "Subsection C
  of".
  
  
  
  
                                      __________________________
                                      Pete Campos
  
  
  
  Adopted ___________________   Not Adopted _______________________
           (Chief Clerk)                    (Chief Clerk)
  
  
                   Date _________________