The proposed bill aims to reform and regulate legislative stipends for state legislators, establishing a system of additional compensation based on leadership roles and committee memberships. It introduces a tiered stipend structure where Group 1 leaders, including the Senate President and Speaker of the House, can receive up to 75% of their base salary, while Group 2 leaders can receive up to 50%, and Group 3 and Group 4 leaders can receive up to 33%. Additionally, legislators not in these groups who serve on eligible committees may receive stipends of up to 20%. The bill also specifies that no senator can receive stipends for more than two positions, and no representative for more than one.

The legislation outlines compliance requirements for eligible committees, which must hold public hearings and mark-up sessions on bills by specified deadlines to qualify for the full stipend payments. Compensation will be paid biweekly, with a portion of the stipend contingent on the committee's compliance with the established criteria. The bill mandates that the clerks of the Senate and House jointly certify compliance and calculate the compliance percentage each legislative year. This act is set to take effect on January 6, 2027.