The bill establishes the Statewide Official Compensation Commission, which will consist of the same members as the Board on Legislative Compensation. This commission is authorized to meet on the same dates as the Board and is responsible for setting salaries for key elected officials, including the Governor, Lieutenant Governor, Attorney General, and others. Importantly, the commission is prohibited from setting salaries below the amounts in effect as of January 1, 2025, and must adhere to constitutional requirements regarding salary modifications.

Additionally, the bill amends existing law regarding the salaries of state officials, specifying that the current salary provisions will remain in effect until the Statewide Official Compensation Commission decides to modify them. The new legal language clarifies that any changes made by the commission will supersede the existing salary provisions. The bill also includes a repeal of the previous salary law, ensuring that the new commission's authority is clearly established. The effective dates for the new provisions are set for November 1, 2025, while the repeal will take effect on January 31, 2030.

Statutes affected:
House Committee Substitute: 74-250.4, 74-4., 74-2025., 74-5.
Floor (House): 74-250.4, 74-4., 74-2025., 74-5.
Floor (Senate): 74-250.4, 74-4., 74-2025., 74-5.
Engrossed: 74-250.4, 74-4., 74-2025., 74-5.
Enrolled (final version): 74-250.4, 74-4., 74-2025., 74-5.