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 zones. It emphasizes the need for a coordinated approach to watershed restoration that involves various stakeholders, including private businesses, local, state, tribal, and federal agencies.

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 aims to maximize the ecological benefits of beaver populations while minimizing conflicts with agricultural and infrastructure development. The agencies are tasked with identifying a lead agency for the plan's development, engaging relevant stakeholder groups, and providing a timeline and budget for implementation. They are expected to present their recommendations to the appropriate interim committee or committees by October 1, 2025.