This bill proposes an appropriation of $100,000 from the general fund to the Cultural Affairs Department. The funds are designated for the fiscal years 2026 and 2027 to collaborate with the Higher Education Department in conducting a feasibility study for the establishment of a lowrider museum in Espanola, New Mexico.
Additionally, the bill stipulates that any unexpended or unencumbered balance of the allocated funds 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 for other potential uses.