The bill proposes an appropriation of $250,000 from the general fund to the board of regents of New Mexico Highlands University for a feasibility study regarding the potential acquisition of the Star Axis sculptural observatory, located in San Miguel County. The study aims to evaluate several key aspects, including the costs of necessary upgrades for public access, the long-term operational and maintenance needs, potential scientific and educational uses, and the feasibility of establishing a land art tour network to promote visitation to land artworks in the state.

The funds are designated for expenditure during fiscal years 2025 through 2027, and any unspent balance at the end of fiscal year 2027 will revert to the general fund. This initiative seeks to explore the benefits and implications of the state's acquisition of the observatory, which could enhance educational opportunities and tourism in New Mexico.