The bill proposes an appropriation of fifty million dollars ($50,000,000) from the general fund to the Department of Environment for the purpose of assessing and cleaning up abandoned and neglected contaminated sites throughout New Mexico, specifically targeting abandoned uranium mining sites. This funding is designated for expenditure during the fiscal years 2026 through 2028 and is aimed at sites that lack viable responsible parties to manage and finance the necessary cleanup actions.

Additionally, the bill stipulates that any unexpended or unencumbered balance of the allocated funds remaining at the end of fiscal year 2028 will revert back to the general fund. This ensures that the funds are utilized effectively within the designated timeframe for the intended environmental remediation efforts.