FORTY-THIRD LEGISLATURE
                    1998 - FIRST SPECIAL SESSION
  
  
                                                      May 1, 1998
  
  
  Mr. Speaker:
  
       Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                        HOUSE BILL 26
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 1, lines 11, 12 and 13, strike "AUTHORIZING THE
  ISSUANCE OF SEVERANCE TAX BONDS FOR PHASE TWO CONSTRUCTION OF ZUNI
  HIGH SCHOOL IN MCKINLEY COUNTY;" and insert in lieu thereof "MAKING
  AN APPROPRIATION FOR CRITICAL OUTLAY NEEDS OF SCHOOL DISTRICTS
  PURSUANT TO THE PUBLIC SCHOOL CAPITAL OUTLAY ACT; GIVING PREFERENCE
  TO THE CAPITAL NEEDS OF THE ZUNI SCHOOL DISTRICT;".
       
       2.  On page 1, line 13, strike "MAKING AN APPROPRIATION;".
  
       3.  On pages 1 and 2, strike Section 1 in its entirety and
  insert in lieu thereof:
  
       "Section 1.  APPROPRIATION.--Five million dollars
  ($5,000,000) is appropriated from the general fund to the public
  school capital outlay fund for expenditure in fiscal years 1998
  through 2000 for allocation to public schools for critical capital
  outlay needs pursuant to the Public School Capital Outlay Act.  The
  public school capital outlay council shall give preference to the
  capital needs of the Zuni school district in McKinley county.  Any
  unexpended or unencumbered balance remaining at the end of fiscal
  year 2000 shall revert to the general fund."., 
  
  and thence referred to the APPROPRIATIONS AND FINANCE
  COMMITTEE.
  
                                Respectfully submitted,
  
  
  
                                <u>                                 
                                </u>                             Jerry W. Sandel, Chairman
  
  
                                     Adopted <u>                      </u>   Not Adopted <u>                        </u>
            (Chief Clerk)                      (Chief Clerk)
  
                       Date <u>               </u>
  
  The roll call vote was <u> 12 </u> For <u> 0 </u> Against
  Yes:      12
            Excused:  Crook
            Absent:   None
  
  
  .124116.2
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