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. The purpose of these grants is to help meat processors adapt to new technologies and changing market conditions, reduce their regulatory burdens, and address inefficiencies within the meat production chain, ultimately supporting their economic contributions to local communities.

The appropriation is intended for expenditure over the 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 unused funds are returned to the state’s budget.