This bill proposes an appropriation of nineteen million seven hundred thousand dollars ($19,700,000) from the general fund to the health care authority specifically aimed at increasing Medicaid reimbursement rates for nursing homes in New Mexico. The funds are designated for expenditure in fiscal year 2026, ensuring that nursing homes receive enhanced financial support to improve their services.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2026 will revert back to the general fund. This provision ensures that the funds are utilized effectively within the designated fiscal year, promoting accountability in the use of state resources.