This bill proposes an appropriation of four million dollars ($4,000,000) from the general fund to the Creative Industries Fund within the Economic Development Department. The allocated funds are designated for grantmaking activities by the creative industries division for fiscal year 2026 and subsequent years, as permitted by the Economic Development Department Act.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund, allowing the Creative Industries Fund to retain those funds for future use. This provision aims to ensure that the allocated resources can be fully utilized to support the creative industries in New Mexico without the risk of losing funding at the end of the fiscal year.