This joint resolution proposes an amendment to Article 4, Section 10 of the New Mexico Constitution regarding legislative compensation. The amendment aims to tie the compensation of state legislators to the median household income in New Mexico, allowing for adjustments based on changes in that income. Specifically, it stipulates that legislative compensation can only increase if the median household income rises, and it must decrease if the median household income falls. Additionally, the resolution outlines the per diem and mileage reimbursements for legislators during sessions and committee meetings.

The proposed amendment will be submitted to the public for approval or rejection during the next general election or any special election called before that date. If approved, the new compensation structure will take effect for members of the legislature who are seated and sworn in for the fifty-ninth legislature.