This bill appropriates funds from the Public Project Revolving Fund to support various initiatives in New Mexico. Specifically, it allocates $6,250,000 to the Drinking Water State Revolving Loan Fund to provide state matching funds for projects under the federal Safe Drinking Water Act of 1974, as well as to fulfill the objectives of the Drinking Water State Revolving Loan Fund Act. Additionally, it designates $2,000,000 to the Local Government Planning Fund and $5,000,000 to the Cultural Affairs Facilities Infrastructure Fund, both for expenditures in fiscal year 2026 and subsequent years.

Furthermore, the bill stipulates that any unexpended or unencumbered balances remaining at the end of a fiscal year will not revert to the Public Project Revolving Fund, ensuring that these funds remain available for their intended purposes. This legislative action aims to enhance infrastructure and planning efforts across the state, particularly in the areas of drinking water, local government initiatives, and cultural affairs.