This bill establishes a new requirement for state agencies in New Mexico to submit an accountability and evaluation plan for any programs or projects that receive funding from the Government Results and Opportunity Expendable Trust. The plan must include specific details such as goals, objectives, expected outputs and outcomes, a description of activities, performance measures, and an evaluation plan to assess the impact on expected outcomes. Agencies are required to submit these plans to the State Budget Division of the Department of Finance and Administration and the Legislative Finance Committee by July 1 each year, with notifications sent out by May 1.

Additionally, the bill mandates that the division and the committee will review the evaluations of these programs or projects by July 15 of the final year of funding, allowing them to make recommendations regarding the inclusion of the program in the agency's budget for the subsequent fiscal year. This structured approach aims to enhance accountability and ensure that funded programs are effective and aligned with their intended goals.