This joint resolution proposes the addition of a new section to Article 20 of the New Mexico Constitution to establish the "Early Childhood Trust Fund." This fund will be a permanent trust within the state treasury, dedicated exclusively to financing prenatal and early childhood programs and services for children up to kindergarten age. The resolution stipulates that the fund's money will be invested according to state law, and distributions from the fund can only be used for the specified programs, their administration, and under certain conditions outlined in the resolution.

The resolution also details the financial management of the fund, stating that all contributions and earnings will be credited to the fund's corpus. An annual distribution will be made, calculated as either five percent of the average market value of the fund over the past three years or a minimum of $500 million, whichever is greater. Additionally, in cases of revenue shortfalls where state fund balances cannot cover authorized appropriations, the legislature may draw from the trust fund to meet fiscal needs, but only to the extent necessary. The proposed amendment will be presented to the public for approval in the next general election or a special election prior to that date.