The Children's Future Act establishes a new fund in New Mexico aimed at providing financial support to individuals born in the state after January 1, 2025. This fund, known as the Children's Future Fund, is designed to assist beneficiaries in pursuing education, housing, entrepreneurship, retirement, and investment opportunities. The fund will be financed through various sources, including distributions, appropriations, and donations, and will be managed by the Department of Finance and Administration. Notably, the act clarifies that benefits from this fund are not guaranteed and do not create any property interest for beneficiaries.

Additionally, the act creates a Children's Future Task Force responsible for studying and recommending the optimal design and administration of the fund. This task force will consist of representatives from various state offices and public members with relevant experience. They are tasked with producing a report by December 31, 2025, detailing the implementation of the act, including eligibility requirements and financial planning. The act also includes a provision exempting money spent on behalf of beneficiaries from state income taxation and appropriates $5 million from the general fund to support the Children's Future Fund in fiscal year 2026 and beyond.