The bill appropriates funds from the general fund to support the North Central New Mexico Economic Development District for fiscal year 2026 and beyond. Specifically, it allocates two million dollars ($2,000,000) for grants aimed at housing planning and design for public entities within the district, as well as thirty-five million dollars ($35,000,000) for grants designated for housing construction and infrastructure projects.

Additionally, the bill stipulates that any unexpended or unencumbered balance at the end of a fiscal year will not revert to the general fund, ensuring that the funds remain available for future use. It also 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.