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Bill > HB259


NM HB259

NM HB259
Contractor & Subcontractor Reimbursement


summary

Introduced
02/04/2021
In Committee
03/01/2021
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO PUBLIC CONTRACTS; REQUIRING THAT PUBLIC CONTRACTS PROVIDE FOR INCREASED CONTRACTOR AND SUBCONTRACTOR REIMBURSEMENT AND WORKER WAGE INCREASES IN ACCORDANCE WITH AND CONCURRENT WITH STATE MINIMUM WAGE INCREASES.

AI Summary

This bill requires that public contracts for services include provisions to increase reimbursement for contractors and subcontractors to cover any wage increases resulting from increases in the state's minimum wage. The bill also mandates that individuals employed under such contracts who are paid the state minimum wage must receive wage increases concurrent with increases in the state minimum wage. The key terms defined in the bill include "contract" (any agreement for the procurement of services), "services" (the furnishing of labor, time or effort not involving a specific end product), and "subcontract" (a contract subordinate to another superordinate contract to procure services).

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (2)

Last Action

House Appropriations and Finance Committee (13:30 3/3/2021 Room ZOOM) (on 03/03/2021)

bill text


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