State of New Mexico
                      House of Representatives
  
                      FORTY-THIRD LEGISLATURE
                        FIRST SESSION, 1997
  
  
                                                   March 18, 1997
  
  
  Mr. Speaker:
  
       Your AGRICULTURE AND WATER RESOURCES COMMITTEE,
  to whom has been referred
  
                 SENATE BILL 1121, as amended
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
       
       1.  On page 1, line 13, after "1978" insert "; MAKING 
  APPROPRIATIONS".
  
       2.  On page 7, line 22, after "projects" insert ", subject to
  the conditions provided for in Subsection F of this section".
  
       3.  On page 11, line 8, strike the closing quotation mark.
  
       4.  On page 11, between lines 8 and 9, insert a new subsection
  to read:
  
            "F.  Revenue bonds issued by the commission for obtaining
  hydrographic surveys used by the state engineer shall mature not
  later than ten years from their date of issuance.  The commission
  shall issue bonds for hydrographic surveys in a total amount not
  exceeding four million dollars ($4,000,000) and amounts not to
  exceed two million dollars ($2,000,000) in any fiscal year
  commencing July 1, 1998."".
  
       5.  On page 19, between lines 19 and 20, insert the following
  new section:
  
       "Section 15.  APPROPRIATIONS.--
  
            A.  One million dollars ($1,000,000) is appropriated from
  the irrigation works construction fund to the interstate stream
  commission for expenditure in fiscal years 1998 and 1999 for the
  purpose of conducting hydrographic surveys.  Any unexpended or
  unencumbered balance remaining at the end of fiscal year 1999 shall
  revert to the irrigation works construction fund. 
  
  
            B.  Five hundred thousand dollars ($500,000) is
  appropriated from the improvement of the Rio Grande income fund to
  the interstate stream commission for expenditure in fiscal years
  1998 and 1999 for the purpose of conducting hydrographic surveys. 
  Any unexpended or unencumbered balance remaining at the end of
  fiscal year 1999 shall revert to the improvement of the Rio Grande
  income fund.".,
  
  and thence referred to the JUDICIARY COMMITTEE.
  
                                Respectfully submitted,
  
  
  
                                                                 
                                                              G. X. McSherry, Chairman
  
  
  Adopted                       Not Adopted                       
            (Chief Clerk)                       (Chief Clerk)
  
                         Date             
  
  The roll call vote was 8  For 0  Against
  Yes:      8
            Excused:  McSherry
            Absent:   None
  
  
  .119101.1
  G:\BILLTEXT\AMEND_97\S1121AG1