The bill mandates that employees of the state and its political subdivisions must be given the opportunity to exchange their unused compensatory leave for compensation at least twice a year. This new provision, which is inserted into Chapter 10, Article 7 NMSA 1978, ensures that employees receive the full value of any unused compensatory leave they choose to exchange.

Additionally, the bill includes a clause stating that if any part of this act conflicts with existing collective bargaining agreements under the Public Employee Bargaining Act, those agreements will take precedence, and the provisions of this act will not apply. This ensures that the rights and agreements established through collective bargaining are respected while implementing the new compensation exchange opportunity.