The bill establishes a new section in Chapter 6, Article 4 of the New Mexico Statutes, defining the components of the state's reserves. It specifies that the state reserves will include five distinct funds: the appropriation contingency fund, the general fund operating reserve, the government results and opportunity expendable trust, the state-support reserve fund, and the tax stabilization reserve.

This legislation aims to clarify and formalize the structure of state reserves, ensuring that these specific funds are recognized as part of the state's financial framework. By doing so, it provides a clearer understanding of the resources available for state financial management and planning.