HOUSE BILL 37

46th legislature - STATE OF NEW MEXICO - first session, 2003

INTRODUCED BY

Al Park







AN ACT

MAKING AN APPROPRIATION FOR AN EIGHT PERCENT SALARY INCREASE FOR ALL PUBLIC SCHOOL EMPLOYEES.



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

Section 1. APPROPRIATION.--One hundred nineteen million one hundred forty-eight thousand seven hundred twelve dollars ($119,148,712) is appropriated from the general fund to the state department of public education for expenditure in fiscal year 2004 to provide an eight percent salary increase for all public school employees. Any unexpected or unencumbered balance remaining at the end of fiscal year 2004 shall revert to the general fund.

.142657.1