SENATE BILL 290

52nd legislature - STATE OF NEW MEXICO - second session, 2016

INTRODUCED BY

Richard C. Martinez

AN ACT

RELATING TO LAW ENFORCEMENT; INCREASING THE AMOUNT OF THE STATE POLICE LIFE INSURANCE COVERAGE; MAKING AN APPROPRIATION.

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

     SECTION 1. Section 29-2-29 NMSA 1978 (being Laws 1973, Chapter 297, Section 1, as amended) is amended to read:

     "29-2-29. STATE POLICE--GROUP LIFE INSURANCE.--Notwithstanding the provisions of Section 10-7-4 NMSA 1978 and in addition to all other benefits provided commissioned officers, the department shall provide life insurance coverage in the amount of [twenty-five thousand dollars ($25,000)] one hundred thousand dollars ($100,000) for each New Mexico state police officer, to be paid to [his] the officer's designated beneficiary. The coverage shall include double indemnity provisions for death incurred in line of duty. The coverage shall be provided by a group term insurance policy, the premium for which shall be paid out of state funds appropriated to the department [of public safety]."

     SECTION 2. APPROPRIATION.--Twenty-five thousand dollars ($25,000) is appropriated from the general fund to the department of public safety for expenditure in fiscal year 2017 and subsequent fiscal years to increase the amount available to fund the state police life insurance benefit. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

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