This joint resolution proposes amendments to Articles 4 and 9 of the New Mexico Constitution to establish a state-funded program that would provide financial assistance to parents or legal guardians of school-age children for educational purposes. Specifically, the funding would be available for families who choose to homeschool their children or enroll them in private nonsectarian, nondenominational schools. The resolution stipulates that the funding cannot come from proceeds or income generated from lands granted to the state for public school purposes.

The proposed amendments also clarify that while the state and local governments are generally restricted from making donations or lending credit to private entities, exceptions will be made for this educational funding program. The resolution mandates that the proposed changes be presented to the public for approval or rejection during the next general election or any special election held prior to that date.