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NM SB98

NM SB98
Public Contract Payments


summary

Introduced
01/17/2023
In Committee
02/10/2023
Crossed Over
Passed
Dead
03/18/2023

Introduced Session

2023 Regular Session

Bill Summary

Public Contract Payments

AI Summary

This bill requires state agencies that contract for services to include provisions in their contracts that increase reimbursement to contractors and subcontractors to hold them harmless for any wage increases resulting from an increase in the state minimum wage or cost increases resulting from changes to statutory benefits, such as employee benefits required by state law. The bill also requires that individuals employed under such contracts or subcontracts who are paid the state minimum wage must receive wage increases concurrently with increases in the state minimum wage.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Senate Judiciary Committee (00:00:00 2/24/2023 Room 321) (on 02/24/2023)

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