0001| SENATE BILL 670
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0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003| INTRODUCED BY
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0004| BEN D. ALTAMIRANO
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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| MAKING AN APPROPRIATION TO INCREASE THE SALARIES AND THE SALARY
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0012| RANGES FOR CLASSIFIED EXECUTIVE BRANCH EMPLOYEES.
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0013|
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0014| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0015| Section 1. APPROPRIATION.--
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0016| A. Nineteen million seven hundred forty-six
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0017| thousand six hundred dollars ($19,746,600) is appropriated from
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0018| the general fund to the department of finance and
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0019| administration to be distributed to state agencies in the
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0020| executive branch of state government whose funds are derived
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0021| substantially from the general fund to provide salary increases
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0022| or adjustments to classified employees as follows:
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0023| (1) seven hundred twenty-six thousand four
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0024| hundred dollars ($726,400) for those employees whose salaries
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0025| are equal to or above the maximum of their salary range, a
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0001| lump-sum payment averaging two percent of the midpoint value of
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0002| their salary range, subject to a pay for performance matrix
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0003| distribution and payable in the first full pay period after the
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0004| anniversary date of their appointment to their current class;
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0005| (2) five million three hundred ninety-four
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0006| thousand seven hundred dollars ($5,394,700) for other
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0007| classified employees, a salary increase averaging three and
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0008| one-half percent of the midpoint value of the employee's salary
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0009| range, subject to a pay for performance matrix distribution and
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0010| effective in the first full pay period after the employee's
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0011| anniversary date; and
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0012| (3) thirteen million six hundred twenty-five
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0013| thousand five hundred dollars ($13,625,500) to increase the
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0014| classified system's salary structure by four percent on July 1,
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0015| 1997.
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0016| B. Any unexpended or unencumbered balance remaining
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0017| at the end of fiscal year 1998 shall revert to the general
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0018| fund.
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0019| Section 2. EFFECTIVE DATE.--The effective date of the
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0020| provisions of this act is July 1, 1997.
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