SB 521 — PUBLIC PEACE, HEALTH, SAFETY & WELFARE

SENATEAN FINANCEACT COMMITTEERELATING SUBSTITUTETO FORTHE SENATEPUBLIC BILLPEACE, 521HEALTH, 56THSAFETY LEGISLATUREAND -WELFARE; STATEOFNEWMEXICO- FIRST SESSION, 2023 This document may incorporate amendments proposed by a committee, but not yet adopted, as well as amendments that have been adopted during the current legislative session.

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h7 ANBE ACTIT gENACTED oBY RELATING TO THE PUBLICLEGISLATURE PEACE,OF HEALTH,THE SAFETYSTATE ANDOF WELFARE;NEW MEXICO:

tSECTION hr1. g e i k PROVIDING A SUPPLEMENTAL SALARY INCREASE FOR STATE, HIGHER h r i s EDUCATION AND PUBLIC SCHOOL EMPLOYEES TO OFFSET INFLATION, h , t, INCLUDING INSURANCE PREMIUM INCREASES SFCº ;

MAKINGSUPPLEMENTAL ANSALARY eINCREASE--INFLATION uOFFSET.--In gaddition eto bany lsalary eincreases eprovided hin APPROPRIATION»SFCthe .General Appropriation Act of 2023, the legislature shall provide a supplemental one percent salary increase for those state employees, higher education employees and public school employees who are eligible to receive a salary increase in that act from the general fund, other state funds or federal funds to offset inflation, including increases in insurance premiums.

nSFC/SB d521 dPage i1 =25 = o h l ] b ,d i a º e BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

r i = r t e w d m a n o SECTION 1.

SUPPLEMENTAL SALARY INCREASE--INFLATION d m :

b e d s º o t n = .225892.1AIC March 9, 2023 (9:49am) s k m e e a n e d r e l u [ A d SFC/SB 521 OFFSET.--In addition to any salary increases provided in the General Appropriation Act of 2023, the legislature shall provide a supplemental one percent salary increase for those state employees, higher education employees and public school employees who are eligible to receive a salary increase in that act from the general fund, other state funds or federal funds to offset inflation, including increases in insurance premiums.

SFCº SECTION 2.

APPROPRIATION.-- A.

Forty-seven million five hundred thousand dollars ($47,500,000) is appropriated from the general fund to the department of finance and administration for expenditure in fiscal year 2024 to provide a supplemental one percent salary increase for state employees, higher education employees and public school employees who are eligible to receive a salary increase in the General Appropriation Act of 2023 to offset inflation, including increases in insurance premiums.

Any h unexpended or unencumbered balance remaining at the end of u » r fiscal year 2024 shall revert to the general fund.

t h g e B.

For those state employees whose salaries are l i h r i s referenced in or received as a result of nongeneral fund h , e h appropriations in the General Appropriation Act of 2023, the t u g e b l department of finance and administration shall transfer from e e , gh n d d i = = o h the appropriate fund to the appropriate agency the amount l ] b ,d i a º r required for the supplemental salary increase equivalent to the e r = t e w d increase provided for in this section.

Such amounts are m a n o d m :

b r e t º o t n = .225892.1AIC March 9, 2023 (9:49am) s k m e - 2 - e a n e d r e l u [ A d SFC/SB 521 appropriated for expenditure in fiscal year 2024, and any unexpended or unencumbered balances remaining at the end of fiscal year 2024 shall revert to the appropriate fund.»SFC - - 3 - - » g o » r h t i k l i g t h s , e h t l i w l b l e e , g n d l h = = b , a l º d i a r e r = , a t e d m a n o d m :

b r e t º o t n = .225892.1AIC March 9, 2023 (9:49am) s k em e e a n e d r e l u [ A d