The Children's Future Act establishes a framework to create the Children's Future Fund, which aims to provide financial assistance to individuals born in New Mexico after January 1, 2025. The fund will support beneficiaries in pursuing education, housing, entrepreneurship, retirement, and investment opportunities. It will be funded through various sources, including distributions, transfers, and donations, and will be administered by the Department of Finance and Administration. The act emphasizes that benefits from the fund are not guaranteed and do not create a property interest. Additionally, it exempts money spent on behalf of beneficiaries from state income taxation.

To oversee the implementation of the Children's Future Act, a Children's Future Task Force will be created to study and recommend optimal design and administration strategies for the fund. The task force will consist of representatives from various state offices and public members with relevant experience. It is tasked with producing a report by December 31, 2025, detailing recommendations for the fund's operation, eligibility requirements, and financial planning. The act also includes an appropriation of $5 million from the general fund to support the Children's Future Fund in fiscal year 2026 and beyond.