The bill appropriates funds for the North Central New Mexico Economic Development District, specifically allocating a total of $37 million from the general fund for fiscal year 2026 and subsequent years. This includes $2 million designated for grants aimed at housing planning and design for public entities within the district, and $35 million for grants to support housing construction and infrastructure projects.

Additionally, the bill stipulates that any unspent or unencumbered funds at the end of a fiscal year will not revert back to the general fund, ensuring that the allocated resources remain available for their intended purposes. Furthermore, it limits the department's administrative costs to no more than ten percent of the total appropriations, ensuring that the majority of the funds are directed towards the intended housing initiatives.