State of New Mexico
                      House of Representatives
  
                      FORTY-THIRD LEGISLATURE
                        FIRST SESSION, 1997
  
  
                                                February 26, 1997
  
  
  Mr. Speaker:
  
       Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                        HOUSE BILL 38
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 1, line 11, strike "HIGHWAY" and insert in lieu
  thereof "CONSTRUCTION".
  
       2.  On page 1, line 19, strike "HIGHWAY" and insert in lieu
  thereof "CONSTRUCTION".
  
       3.  On page 1, line 20, strike "highway" and insert in lieu
  thereof "construction".
  
       4.  On page 1, line 24, strike "highway" and insert in lieu
  thereof "construction".
  
       5.  On page 2, line 5, strike "highway" and insert in lieu
  thereof "construction".
  
       6.  On page 2, line 7, strike "department" and insert in lieu
  thereof "entity having responsibility for valuation of the property
  in accordance with Section 7-36-2 NMSA 1978".
  
       7.  On page 2, line 9, before "time" insert "actual or
  estimated".
   
       8.  On page 2, line 10, before "will" insert "has been and".
  
       9.  On page 2, line 21, strike "highway" and insert in lieu
  thereof "construction".
  
  
  
  
  
  
   
       10.  On page 4, line 19, strike "highway" and insert in lieu
  thereof "construction".,
  
  and thence referred to the JUDICIARY COMMITTEE.
  
                                Respectfully submitted,
  
  
  
                                                                 
                                                              Jerry W. Sandel, Chairman
  
  
  Adopted                       Not Adopted                       
            (Chief Clerk)                       (Chief Clerk)
  
                         Date             
  
  The roll call vote was 9  For 0  Against
  Yes:      9
            Excused:  Gubbels, Porter, Sandoval, Stell
            Absent:   None
  
  
  .117735.1
  G:\BILLTEXT\AMEND_97\H0038TR1