Bill > HB84

This bill requires a minimum compensation for non-temporary and temporary faculty at public post-secondary educational institutions in New Mexico. For non-temporary faculty, the minimum compensation is set at $60,000 for a full-time, nine-month contract at a four-year institution, and $55,000 at a two-year institution. For temporary faculty, the minimum compensation is set at $2,000 per credit hour at a four-year institution, and $1,833 per credit hour at a two-year institution. The bill also appropriates $44 million from the general fund to the higher education department to meet the compensation needs of these faculty members, and the provisions of the act will take effect on July 1, 2024.

Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=84&year=24