FORTY-THIRD LEGISLATURE             SB 85/a
                    FIRST SPECIAL SESSION, 1998
  
  
                                                      May 3, 1998
  
  Mr. President:
  
      Your FINANCE COMMITTEE, to whom has been referred
  
                           SENATE BILL 85
  
  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, strike "three and eighty-nine
  hundredths" and insert in lieu thereof "three and thirteen
  hundredths".
  
      2.  On page 2, lines 4 and 5, strike "seven and seventy-eight
  hundredths" and insert in lieu thereof "six and one-fourth".
  
      3.  On page 2, line 11, strike "twelve and eighteen
  hundredths" and insert in lieu thereof "eleven and twenty-one
  hundredths".
  
      4.  On page 2, lines 16 and 17, strike "five and eighty-four
  hundredths" and insert in lieu thereof "four and sixty-nine
  hundredths".
  
      5.  On page 2, line 18, after the period insert:
  
      "Beginning in the month following the month that the New
  Mexico finance authority certifies that all obligations for the
  bonds issued pursuant to Laws 1993, Chapter 358, Section 4 have
  been fully discharged, the distribution in this section to the New
  Mexico finance authority shall cease and the distribution shall be
  made in the same amount to the university of New Mexico school of
  medicine medical trust fund.". 
  
  
      6.  On page 2, lines 21 and 22, strike "three and sixty-three
  hundredths" and insert in lieu thereof "four and five hundredths".
  
      7.  On page 3, line 1, strike "six and two-tenths" and insert
  in lieu thereof "twenty-two and one-tenth".
  
      8.  On pages 3 and 4, strike Section 2 in its entirety.
  
      9.  Renumber the succeeding sections accordingly.
  
      10. On page 4, line 22, strike "one and three-tenths cents
  ($.013)" and insert in lieu thereof "one and sixty-five hundredths
  cents ($.0165)".
  
      11. On page 4, after line 25, insert the following new
  section:
  
      "Section 3.  Section 24-20-1 NMSA 1978 (being Laws 1993,
  Chapter 358, Section 3) is amended to read:
  
      "24-20-1.  MEDICAL TRUST FUND FOR CANCER AND OTHER MEDICAL
  RESEARCH--APPROPRIATION.--
  
          A.  There is created at the university of New Mexico
  school of medicine a "medical trust fund" to be administered by
  the school of medicine.  The fund shall consist of balances
  transferred to the fund from the dedicated health research fund
  and any other distributions, transfers and deposits that may be
  made to the fund.  Earnings from investment of the medical trust
  fund are appropriated to the university of New Mexico school of
  medicine for cancer and other medical research, <u>including
  research focusing on pulmonary, respiratory or other diseases that
  are or may be affected by the use of cigarettes</u>.
  
          B.  The university of New Mexico school of medicine shall
  report annually to the commission on higher education, the
  department of health and the legislative finance committee
  regarding the use of the earnings on the medical trust fund."".
      
      12. Renumber the succeeding sections accordingly.
  
      13. On page 5, line 12, after "Sections" insert "2,".
  
      14.  On page 5, strike lines 19 and 20.
  
  
  
                               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: Eisenstadt, Ingle, Fidel, Romero
          Absent: None
  
  
  S0085FC1                                               124200.1