State of New Mexico
                    House of Representatives
  
                    FORTY-SECOND LEGISLATURE
                      SECOND SESSION, 1996
  
  
                                               February 2, 1996
  
  
  Mr. Speaker:
  
     Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                         HOUSE BILL 335
                                 
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
     1.  On page 6, line 6, strike "total" and insert in lieu
  thereof "book value".
  
     2.  On page 6, line 7, after "invested" insert "at any given
  time".
  
     3.  On page 6, line 10, after "invested" insert "at any given
  time".,
  
  and thence referred to the APPROPRIATIONS AND FINANCE 
  COMMITTEE.
  
                              Respectfully submitted,
  
  
  
                                                               
                              Jerry W. Sandel, Chairman
  
  
  Adopted                          Not Adopted                       
          (Chief Clerk)                       (Chief Clerk)
  
                       Date             
  
  The roll call vote was 12  For 0  Against
  Yes:         12
  Excused:     Gonzales
  Absent: None
  
  
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