H 36 SCHOOL GROUP INSURANCE CONTRIBUTIONS

Rep Raymundo Lara

Actions: HPREF [2] HEC/HAFC-HEC

Scheduled: Not Scheduled

 House Bill 36 (HB 36) amends Public Schools group insurance contributions for school districts, charger schools and participating entities in the Public School Insurance Authority to specify the amount of contribution effective July 1, 2023. HB 36 makes an appropriation to pay for increased employer contributions. 

 

 House Bill 36 (HB 36) amends Public Schools group insurance contributions for school districts, charger schools and participating entities in the Public School Insurance Authority to specify the amount of contribution effective July 1, 2023. HB 36 makes an appropriation to pay for increased employer contributions. 

SECTION 1. Section 22-29-10 NMSA 1978 (being Laws 1989, Chapter 373, Section 5, as amended) of Public Schools Group Insurance Contributions is amended to provide that group contributions for school districts, charter schools and participating entities in the authority,  within available revenue, shall be at least 80 percent of the cost of the insurance of all employees.

SECTION 2 appropriates $70,248,900 from the General Fund to the Public Education Department for expenditure in Fiscal Year 2024 to distribute to school districts, charter schools and participating entities in the public school insurance authority to pay for increased employer contributions for group health insurance. Any unexpended or unencumbered balance remaining at the end of Fiscal Year 2024 shall revert to the General Fund. 

SECTION 3 provides an effective date of the provisions of this act is July 1, 2023.