This bill proposes an appropriation of thirteen million five hundred thousand dollars ($13,500,000) from the general fund to the local government division of the Department of Finance and Administration. The funds are designated for expenditure in fiscal year 2026 and are intended to support the North Central New Mexico Economic Development District in administering and expanding a comprehensive correctional reentry workforce development program.
Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2026 shall revert to the general fund. This ensures that any unused funds are returned to the state’s financial resources, promoting fiscal responsibility.