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
  
                   SENATE BILL 8, as amended
                                 
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
     1.  On page 4, between lines 19 and 20, insert the following
  section:
     
     "Section 2.  Section 7-1-6.10 NMSA 1978 (being Laws 1983,
  Chapter 211, Section 15, as amended by Laws 1995, Chapter 6, Section
  4 and also by Laws 1995, Chapter 16, Section 11) is amended to read:
     
     "7-1-6.10.  DISTRIBUTIONS--STATE ROAD FUND.--
          
          A.  A distribution pursuant to Section 7-1-6.1 NMSA 1978
  shall be made to the state road fund in an amount equal to the net
  receipts attributable to the taxes, surcharges, penalties and
  interest imposed pursuant to the Gasoline Tax Act and to the taxes,
  surtaxes, fees, penalties and interest imposed pursuant to the
  Special Fuels Tax Act, the Special Fuels Supplier Tax Act and the
  Alternative Fuel Tax Act less:
          
               (1)  the amount distributed to the state aviation
  fund pursuant to Subsection [C] B of Section 7-1-6.7 NMSA 1978;
  
               (2)  the amount distributed to the motorboat fuel
  tax fund pursuant to Section 7-1-6.8 NMSA 1978;
          
               (3)  the amount distributed to municipalities and
  counties pursuant to Subsection A of Section 7-1-6.9 NMSA 1978;
               
               (4)  the amount distributed to the county government
  road fund pursuant to Section 7-1-6.19 NMSA 1978;
               
               (5)  the amount distributed to the [corrective
  action] local governments road fund pursuant to Section [7-1-6.25] 7-1-6.39 NMSA 1978;
     
               (6)  the amount distributed to the municipalities
  pursuant to Section 7-1-6.27 NMSA 1978; and
     
               (7)  the amount distributed to the municipal
  arterial program [and] of the local governments road fund pursuant to
  Section 7-1-6.28 NMSA 1978 [and
  
               (8)  the amount distributed to the general fund
  pursuant to Section 7-1-6.37 NMSA 1978].
          
          B.  A distribution pursuant to Section 7-1-6.1 NMSA 1978
  shall be made to the state road fund in an amount equal to the net
  receipts attributable to the taxes, fees, interest and penalties from
  the Weight Distance Tax Act."".
  
     2.  Renumber succeeding sections accordingly.,                        
  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 11  For 0  Against
  Yes:         11
  Excused:     Crook, Hawkins
  Absent: None
  
  
                                                      .111997.1
  S0008TR1