0001|                            HOUSE BILL 322
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0002|     43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998
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0003|                            INTRODUCED BY
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0004|                            RITA G. GETTY
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0005|     
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0006|                                   
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0007|     
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0008|                                   
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0009|     
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0010|                                AN ACT
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0011|     RELATING TO THE LEGISLATURE; CREATING A LEGISLATIVE RESERVE
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0012|     FUND TO PAY SESSION EMPLOYEES WHEN SESSION APPROPRIATIONS ARE
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0013|     DELAYED OR VETOED; MAKING AN APPROPRIATION; DECLARING AN
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0014|     EMERGENCY.
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0015|     
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0016|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017|          Section 1.  LEGISLATIVE SESSION RESERVE FUND.--
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0018|               A.  The "legislative session reserve fund" is
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0019|     created in the state treasury.  Interest earned on investment
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0020|     of the fund shall be credited to the fund, and the fund shall
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0021|     not revert at the end of any fiscal year.  Money in the fund
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0022|     is appropriated to the legislative council service to pay the
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0023|     salaries of temporary legislative session employees when
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0024|     passage and signing of House Bill 1 or similar legislation is
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0025|     delayed or is vetoed.
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0001|               B.  If money in the fund is not sufficient to pay
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0002|     the salaries of temporary session employees in full, or if the
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0003|     legislative council service believes that more than one pay
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0004|     period will have to be paid from the fund, the legislative
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0005|     council service shall pay a pro rata share of salary due to
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0006|     each employee in a pay period.
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0007|          Section 2.  APPROPRIATION.--One million dollars
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0008|     ($1,000,000) is appropriated from the general fund to the
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0009|     legislative session reserve fund for expenditure in any fiscal
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0010|     year in which appropriations to pay temporary legislative
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0011|     session employees are delayed.  Any unexpended or unencumbered
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0012|     balance remaining at the end of a fiscal year shall not revert
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0013|     to the general fund.
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0014|          Section 3.  EMERGENCY.--It is necessary for the public
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0015|     peace, health and safety that this act take effect
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0016|     immediately.
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0017|                                  
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