FORTY-THIRD LEGISLATURE SB 751/a FIRST SESSION, 1997 March 20, 1997 Mr. President: Your FINANCE COMMITTEE, to whom has been referred SENATE BILL 751 has had it under consideration and reports same with recommendation that it DO PASS, amended as follows: 1. On page 2, line 10, strike "twelve" and insert in lieu thereof "twenty". 2. On page 2, line 11, before the semicolon insert "in fiscal year 1998, eighteen percent in fiscal year 1999 and sixteen percent in fiscal year 2000 and each fiscal year thereafter". 3. On page 4, line 12, strike "twelve" and insert in lieu thereof "twenty", and before the period insert "in fiscal year 1998, eighteen percent in fiscal year 1999 and sixteen percent in fiscal year 2000 and each fiscal year thereafter". 4. On page 4, line 24, strike the closing quotation mark and between lines 24 and 25, insert the following new subsection: "E. If operating expenses of the lottery for any fiscal year are less than the maximum allowed by law, ten percent of the amount of the difference between actual operating expenses and the maximum allowed shall be used to provide bonuses to lottery employees. Bonuses shall be distributed in accordance with a bonus plan adopted by the board that sets bonus amounts commensurate with an employee's cost-savings responsibility. No bonus for any one employee shall exceed ten thousand dollars ($10,000). The remaining amount of cost-savings realized shall be considered net revenues for distribution as provided in this section."". Respectfully submitted, __________________________________ Ben D. Altamirano, Chairman Adopted_______________________ Not Adopted_______________________ (Chief Clerk) (Chief Clerk) Date ________________________ The roll call vote was 7 For 0 Against Yes: 7 No: None Excused: Aragon, Ingle, McKibben, Smith Absent: None S0751FC1 119042.1