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 unspent or unencumbered funds remaining at the end of fiscal year 2029 will revert back to the general fund, ensuring that the funds are utilized effectively within the specified timeframe.