State of New Mexico
                    House of Representatives
  
                    FORTY-SECOND LEGISLATURE
                      SECOND SESSION, 1996
  
  
                                               February 9, 1996
  
  
  Mr. Speaker:
  
     Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                         HOUSE BILL 487
                                 
  has had it under consideration and reports same WITHOUT
  RECOMMENDATION, amended as follows:
  
     1.  On page 1, lines 12 and 13, strike "DECREASES AND REMOVAL
  OF" and insert in lieu thereof "CHANGES IN".
     
     2.  On page 1, line 20, after the first occurrence of "FUND"
  insert a dash and remove the brackets and line through "LOCAL
  GOVERNMENTS ROAD FUND".
  
     3.  On page 1, lines 23 and 24, strike the brackets and line-through, and on line 25 strike "to the corrective action fund" and
  insert in lieu thereof:
  
          "A.  to the local governments road fund an amount equal to
  the net receipts attributable to a fee of forty dollars ($40.00) per
  load; and
  
          B.  to the corrective action fund the balance, if any, of
  the net receipts.".
  
     4.  On page 3, line 22, strike "one hundred twenty dollars
  ($120)" and insert in lieu thereof "one hundred fifty dollars
  ($150)".
  
     5.  On page 3, strike lines 24 and 25, strike all of page 4 and
  on page 5, strike lines 1 and 2 and insert in lieu thereof:
  
               "(1)  in the event the secretary of environment
  certifies that the unobligated balance of the corrective action fund
  at the end of the prior fiscal year equals or exceeds eighteen
  million dollars ($18,000,000) the fee shall be set at forty dollars
  ($40.00) per load;
  
               (2)  in the event the secretary of environment
  certifies that the unobligated balance of the corrective action fund
  at the end of the prior fiscal year exceeds twelve million dollars
  ($12,000,000) but is less than eighteen million dollars ($18,000,000)
  the fee shall be set at eighty dollars ($80.00) per load;
  
               (3)  in the event the secretary of environment
  certifies that the unobligated balance of the corrective action fund
  at the end of the prior fiscal year exceeds six million dollars
  ($6,000,000) but is less than twelve million dollars ($12,000,000)
  the fee shall be set at one hundred twenty dollars ($120) per load;
  and
  
               (4)  in the event the secretary of environment
  certifies that the unobligated balance of the corrective action fund
  at the end of the prior fiscal year is less than six million dollars
  ($6,000,000) the fee shall be set at one hundred fifty dollars ($150)
  per load.         
  
          D.  The amount of the petroleum products loading fee set 
  pursuant to Paragraph (1), (2), (3) or (4) of Subsection C of this 
  section shall be imposed on the first day of the month following
  expiration of ninety days after the end of the fiscal year for which
  the certification was made.".
  
     6.  Reletter the succeeding subsection accordingly.,
  
  and thence referred to the TRANSPORTATION COMMITTEE.
  
                              Respectfully submitted,
  
  
  
                                                               
                              Jerry W. Sandel, Chairman
  
  
  Adopted                          Not Adopted                       
          (Chief Clerk)                       (Chief Clerk)
  
                       Date             
  
  The roll call vote was 7  For 4  Against
  Yes:         7
  No:          Gonzales, Lovejoy, Lujan, Sandoval
  Excused:     Crook, Hawkins
  Absent: None
  
  
                                                      .111970.2
  H0487TR1