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 appropriation for New Mexico State University includes a condition that the funds will only be released if the university hires an athletic director who has a minimum of five years of experience with name, image, and likeness policies. This stipulation aims to ensure that the university's athletic program is managed by someone with relevant expertise in contemporary athletic regulations and practices.