The bill proposes an appropriation of ten million dollars ($10,000,000) from the general fund to the higher education department for the fiscal years 2026 and 2027. The funds are designated to provide scholarships, financial aid, and paid practicums for students enrolled in bachelor's and master's degree programs in behavioral health fields, including substance addiction counseling, at state universities and tribal colleges in New Mexico. The aim is to increase enrollment and the number of graduates in these critical fields, addressing the growing need for professionals in behavioral health within the state. Any remaining funds at the end of fiscal year 2027 will revert to the general fund.

Additionally, the bill outlines that the higher education department will allocate the funding based on the number of New Mexico residents enrolled in behavioral health programs during fiscal year 2024. Before distributing the funds, participating institutions must certify that the financial aid will supplement existing funding rather than replace it, ensuring that the quality and availability of these degree programs are maintained.