This bill appropriates three million dollars ($3,000,000) from the general fund to the Board of Regents of New Mexico State University. The funds are designated for the New Mexico Department of Agriculture to provide grants aimed at assisting state meat processors in addressing economic and technological challenges. The appropriation is intended to support meat processors in adapting to new processing technologies, navigating changing market dynamics, reducing regulatory burdens, and improving efficiencies within the meat production chain, ultimately contributing to positive economic impacts in their communities.

The allocated funds are to be used for expenditures during fiscal years 2026 through 2029. Additionally, any unexpended or unencumbered balance remaining at the end of fiscal year 2029 is required to revert back to the general fund, ensuring that the funds are utilized effectively within the specified timeframe.