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Bill > SB52


NM SB52

NM SB52
Extended Unemployment Benefits


summary

Introduced
01/19/2021
In Committee
03/03/2021
Crossed Over
02/19/2021
Passed
03/11/2021
Dead
Signed/Enacted/Adopted
03/11/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO UNEMPLOYMENT COMPENSATION; PROVIDING CERTAIN EXTENDED UNEMPLOYMENT BENEFITS.

AI Summary

This bill amends the definition of "extended benefit period" in the New Mexico Unemployment Compensation Law. It establishes new criteria for when there is a "state on indicator" and a "state off indicator" that determine the start and end of the extended benefit period. The bill also specifies the calculation of the total extended benefit amount payable to an eligible individual, including provisions for high-unemployment periods. The bill provides definitions for key terms such as "rate of insured unemployment," "regular benefits," "extended benefits," and "exhaustee."

Committee Categories

Budget and Finance, Military Affairs and Security

Sponsors (1)

Last Action

Signed by Governor - Chapter 8 - Mar. 17 (on 03/11/2021)

bill text


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