The bill proposes an appropriation of nineteen million seven hundred thousand dollars ($19,700,000) from the general fund to the Health Care Authority. This funding is designated for the purpose of increasing Medicaid reimbursement rates for nursing homes in the state of New Mexico during the fiscal year 2026.
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 ensures that any funds not utilized for the intended purpose will not be lost but will instead return to the state's financial resources.