The "General Appropriation Act of 2025" establishes the budgetary framework for state agencies in New Mexico for the fiscal year 2026. It defines key terms such as "agency," "federal funds," "general fund," and "performance measure," which are essential for understanding the appropriations process. The act specifies that amounts appropriated are to be used for various state functions, including legislative, judicial, public safety, and education, with detailed allocations provided for each sector. It also outlines the procedures for monitoring agency revenues and adjusting budgets accordingly, ensuring that appropriations align with actual revenue projections.

Additionally, the act includes provisions for the transfer of funds from the tobacco settlement permanent fund to the tobacco settlement program fund to cover appropriations made from that fund. It emphasizes the importance of fiscal responsibility by mandating that unexpended balances revert to the general fund unless otherwise specified. The act also includes a severability clause, ensuring that if any part of the legislation is deemed invalid, the remaining provisions will still be enforceable. Overall, the bill aims to provide a comprehensive and structured approach to state funding and expenditure for the upcoming fiscal year.