44th legislature - STATE OF NEW MEXICO - second session, 2000

MAKING AN APPROPRIATION FOR THE PURPOSE OF PROVIDING A SALARY INCREASE TO PUBLIC SCHOOL EMPLOYEES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. PUBLIC SCHOOL EMPLOYEES--APPROPRIATION FOR SALARY INCREASES.--One hundred twenty-two million dollars ($122,000,000) is appropriated from the general fund to be distributed through the state equalization guarantee distribution of the public school fund in fiscal year 2001 to provide an average ten percent salary increase for teachers and to provide an average ten percent salary increase for other certified and noncertified public school employees, including transportation employees. Any unexpended or unencumbered balance remaining at the end of fiscal year 2001 shall revert to the general fund.