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 over the fiscal years 2026 through 2029. The grants will help these processors adapt to new meat processing technologies, navigate changing market dynamics, reduce regulatory burdens, and improve efficiencies within the meat production chain, ultimately supporting their economic contributions to local communities.

Additionally, the bill stipulates that any unexpended or unencumbered balance of the allocated funds remaining at the end of fiscal year 2029 will revert back to the general fund. This ensures that the funds are utilized effectively within the designated timeframe while also maintaining fiscal responsibility.