1. Notwithstanding the provisions of any collective bargaining agreement negotiated pursuant to the provisions of NRS 288.400 to 288.630, inclusive, the Governor:
(a) Shall, to the extent practicable, include in the biennial proposed executive budget of the State any amount of money to be paid as agreed upon in a collective bargaining agreement; and
(b) May include in the biennial proposed executive budget of the State any amount of money the Governor deems appropriate for the salaries, wage rates or any other form of direct monetary compensation for employees.
2. If the Governor determines it is impracticable to include any amount of money to be paid as agreed upon in a collective bargaining agreement in the biennial proposed executive budget, he or she must submit a report to the Legislature stating the reason for such a determination. The report must be submitted on the same day the biennial proposed executive budget is submitted to the Legislature.