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 funding is designated for expenditure during fiscal years 2025 through 2027 and aims to evaluate several key aspects, including the costs of necessary upgrades for public access, long-term operational and maintenance needs, potential scientific and educational uses, and the establishment of a land art tour network to promote visitation of land artworks in the state.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2027 shall revert to the general fund, ensuring that unused funds are returned to the state’s budget. This appropriation reflects the state's interest in enhancing cultural and educational opportunities through the potential acquisition of the Star Axis observatory.