The proposed joint resolution seeks to amend Article 4 of the New Mexico Constitution by establishing an independent "Citizen Commission on Legislative Salaries." This commission, composed of nine public members with political party representation limitations, will be responsible for determining, adjusting, and limiting the salaries of state legislators. The commission is required to conduct reviews and file a report with the Secretary of State every four years, with any salary changes taking effect in July following the report's filing. A minimum of five affirmative votes from the commission members is necessary for any salary adjustments.

Additionally, the resolution proposes amendments to Article 4, Section 10 of the New Mexico Constitution to include provisions for legislative salaries as determined by the new commission. It specifies that legislators will receive per diem and mileage compensation based on federal rates, alongside a salary established by the commission. The resolution mandates that the proposed amendments be presented to the public for approval during the 2028 general election or any special election prior to that date.