This bill proposes an appropriation of $100,000 from the general fund to the Cultural Affairs Department. The funds are designated for the purpose of partnering with the Higher Education Department to conduct a feasibility study for the establishment of a lowrider museum in Espanola. The appropriation is intended for expenditure during the fiscal years 2026 and 2027.
Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2027 will revert back to the general fund. This ensures that any unused funds are returned to the state’s budget, promoting fiscal responsibility.