0001|                        SENATE BILL 707
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0002|     42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND
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0003|     SESSION, 1996
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0004|                         INTRODUCED BY
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0005|                        GARY DON REAGAON
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0006|     
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0007|                                
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0008|     
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0011|                             AN ACT
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0012|     MAKING AN APPROPRIATION TO THE PUBLIC EMPLOYEES RETIREMENT
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0013|     ASSOCIATION FOR ADMINISTRATIVE EXPENSES RELATED TO STATE GENERAL
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0014|     MEMBER COVERAGE PLAN 3 RETIREMENTS; DECLARING AN EMERGENCY.
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0015|     
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0016|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017|       Section 1.  APPROPRIATION.--Two hundred twenty-five
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0018|     thousand dollars ($225,000) is appropriated from the income fund
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0019|     established pursuant to the Public Employees Retirement Act to
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0020|     the public employees retirement association for expenditure in
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0021|     fiscal years 1996 and 1997 for the purpose of funding
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0022|     administrative expenses related to state general member coverage
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0023|     plan 3 retirements and service credit verification.  Any
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0024|     unexpended or unencumbered balance remaining at the end of
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0025|     fiscal year 1997 shall revert to the income fund.
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0001|       Section 2.  EMERGENCY.--It is necessary for the public
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0002|     peace, health and safety that this act take effect immediately.
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0024|             
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0025|   
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0001|                    FORTY-SECOND LEGISLATURE
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0002|                      SECOND SESSION, 1996
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0003|   
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0004|   
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0005|                                              FEBRUARY 1, 1996
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0006|   
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0007|   Mr. President:
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0008|   
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0009|     Your COMMITTEES' COMMITTEE, to whom has been referred
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0010|   
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0011|                           SENATE BILL 707
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0012|   
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0013|   has had it under consideration and finds same to be GERMANE, PURSUANT TO
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0014|   CONSTITUTIONAL PROVISIONS, and thence referred to the  FINANCE COMMITTEE.
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0015|   
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0016|                              Respectfully submitted,
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0021|                              __________________________________
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0022|                              SENATOR MANNY M. ARAGON, Chairman 
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0001|   Adopted_______________________ Not Adopted_______________________
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0002|             (Chief Clerk)                        (Chief Clerk)
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0003|   
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0004|   
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0005|                     Date ________________________
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0008|   
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0009|   S0707CC1
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0010|   
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