The bill proposes an appropriation of two hundred twenty-two million dollars ($222,000,000) from the general fund to the New Mexico finance authority specifically for the water project fund. This funding is designated for expenditure during the fiscal years 2025 and 2026, aimed at supporting water projects that have been authorized by the legislature in the first session of the fifty-seventh legislature.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2026 will not revert to the general fund, ensuring that the allocated funds can be utilized for ongoing water projects beyond the initial fiscal period.