The proposed joint resolution seeks to amend the New Mexico Constitution by adding a new section to create the "Early Childhood Trust Fund." This fund will be established as a permanent trust within the state treasury, specifically designated for 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 the law, and distributions from the fund can only be used for the specified programs, their administration, and under certain conditions outlined in the resolution.

Additionally, the resolution outlines that the fund will receive all additions and earnings, which will contribute to its corpus. An annual distribution will be made, calculated as either five percent of the average year-end market values over the past three years or a minimum of $500 million. In cases where state revenues fall short of meeting authorized appropriations, the legislature may draw from the fund to cover necessary expenses, but only after exhausting state fund balances. The proposed amendment will be presented to the public for approval during the next general election or a special election prior to that date.