Senate Memorial 3 recognizes the significant watershed health benefits provided by North American beaver populations in New Mexico, particularly in the context of the state's ongoing water scarcity challenges exacerbated by prolonged drought conditions. The memorial highlights the role of beaver dams and ponds in enhancing groundwater percolation, improving water quality, and increasing the resiliency of riparian ecosystems. It emphasizes the need for a coordinated approach to watershed management that involves various stakeholders, including state agencies, private businesses, and local communities.

The memorial requests that the Department of Game and Fish, the Forestry Division of the Energy, Minerals and Natural Resources Department, and the State Land Office collaboratively develop recommendations for a statewide beaver management plan. This plan should outline the lead agency for development, identify relevant stakeholder groups, and provide a timeline and budget for implementation. The agencies are also tasked with presenting their recommendations to the appropriate interim committee or committees by October 1, 2025.