February 17, 1999

Mr. President:

Your FINANCE COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 9, line 25, strike "and".

2. On page 10, line 2, strike the period and insert in lieu thereof a semicolon.

3. On page 10, between lines 2 and 3, insert the following new subsections:

"XXXX. to the town of Carrizozo for a building project and a wastewater project;

YYYY. to the El Rito mutual domestic water consumers association for a water project;

ZZZZ. to the city of Las Vegas for a street project and water projects;

AAAAA. to the city of Lovington for a land acquisition and improvement project;

BBBBB. to McKinley county for a refinancing project;

CCCCC. to the city of Rio Rancho for a land acquisition and improvement project and a road equipment project;

DDDDD. to the town of Silver City for a wastewater project; and

EEEEE. to Curry county, Roosevelt county, Quay county, the city of Clovis, the city of Texico, the village of Melrose, the village of Grady, the city of Portales, the town of Elida, the city of Tucumcari, the village of San Jon, the village of Logan or a qualified entity formed by, or consisting of, the majority of the above, for planning and design of the Ute water development project.".

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: 0

Excused: Carraro, Eisenstadt, Ingle, McKibben, Rodriguez, Tsosie

Absent: None

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