FORTY-THIRD LEGISLATURE
                        SECOND SESSION, 1998
  
  
                                                February 14, 1998
  
  Mr. President:
  
      Your FINANCE COMMITTEE, to whom has been referred
  
                           SENATE BILL 96
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
      1.  On page 1, line 19, strike the subsection designation
  "A.".
  
      2.  On page 2, line 9, after "amounts" insert "for fiscal year
  1999".
  
      3.  On page 2, lines 21 through 25, and on page 3, lines 1 and
  2, strike Subsection B in its entirety, and insert a closing
  quotation mark.
  
      4.  On page 3, line 16, after "maintains," insert "for fiscal
  year 1999,".
  
      5.  On page 4, lines 6 through 12, strike Subsection B in its
  entirety.
  
      6.  On page 4, line 13, strike the subsection designation "C."
  and insert "B.", strike the remainder of the line and line 14
  through the comma and insert in lieu thereof "Additionally, prior
  to the disbursement of any funds,".
  
      7.  Reletter the succeeding the subsection accordingly.
  
      8.  On page 5, between lines 23 and 24, insert the following
  new section:
  
      "Section 3.  A new Section 59A-53-5.1 NMSA 1978 is enacted to
  read:
      "59A-53-5.1.  [<u>NEW MATERIAL</u>] MAXIMUM AMOUNTS TO BE
  CERTIFIED.--
  
          A.  For fiscal year 2000 and each fiscal year thereafter,
  the marshal shall certify a total amount pursuant to Sections
  59A-53-4 and 59A-53-5 NMSA 1978 not to exceed the greater of the
  total distribution pursuant to those sections for the previous
  fiscal year or an amount to be determined by adding:
      
               (1)  one-half of the total increase in the fire
  protection fund receipts in the previous fiscal year minus
  one-half of the appropriations, from all sources, to the volunteer
  firefighters retirement fund in the current fiscal year; and
  
               (2)  the total distribution pursuant to Sections
  59A-53-4 and 59A-53-5 NMSA 1978 for the previous fiscal year.
  
          B.  The marshal shall adjust the distributions for each
  class in proportion to the increase in the total distribution."".
  
      8.  On page 5, lines 24 and 25, strike Section 3 in its
  entirety.
  
  
  
                               Respectfully submitted,
  
  
  
                               __________________________________
                               Ben D. Altamirano, Chairman 
  
  
  
  Adopted_______________________   Not Adopted_______________________
            (Chief Clerk)                          (Chief Clerk)
  
  
                    Date ________________________
  
  
  The roll call vote was <u> 7 </u> For <u> 0 </u> Against
          Yes:    7
          No:     None
  Excused: Aragon, Campos, Carraro, Lyons
          Absent: None
  
  
  S096FC1                                             .123289.1/a