Summary:

 House Bill 422 (HB 422) increases stipends for teaching residents and provides insurance during residency. HB 422 provides additional funding for participating public post-secondary educational institutions and tribal colleges. 

Legislation Overview:

 House Bill 422 provides stipends and funding for teaching residents as follows:
SECTION 1 amends Public School code in Teacher Residency Program Component in Subsection H to change the stipend from no less than $35,000 per year to no less than 80 percent of the minimum salary for level 1 teachers for the school year and adds that the stipend include  “the employer contribution for the teaching resident’s health insurance through the public school insurance authority.
Subsections L and M are added:
L. $4,000 for each faculty person at a participating public post-secondary educational institution or tribal college who provides co-teaching training to residents and public school mentors; 
M. $500 for each participating public post-secondary educational institution or tribal college for each student who is a teaching resident to offset institutional costs associated with supervision of teaching residents; 

Current Law:

 House Bill 422 addresses the teaching resident stipend in Section 22-10B-4 NMSA 1978 (being Laws 2020, Chapter 25, Section 4, as amended), which is currently $35,000 per year with no health insurance benefit.