This bill appropriates a total of five million dollars ($5,000,000) from the general fund to support athletics at two universities in New Mexico for the fiscal year 2026. Specifically, two million five hundred thousand dollars ($2,500,000) is allocated to the Board of Regents of the University of New Mexico, while an equal amount is designated for the Board of Regents of New Mexico State University. Any funds that remain unspent or unencumbered at the end of the fiscal year will revert back to the general fund.

The funding for New Mexico State University is contingent upon the university hiring an athletic director who possesses at least five years of experience with name, image, and likeness policies. This requirement aims to ensure that the university's athletic program is managed by someone knowledgeable in contemporary athlete representation and compensation issues.