The bill proposes an appropriation of three million dollars ($3,000,000) from the general fund to the board of regents of New Mexico State University. This funding is designated for expenditure during fiscal years 2026 through 2028, specifically for the New Mexico Department of Agriculture. The purpose of the appropriation is to develop various projects, programs, promotions, and educational and civic events that celebrate the four hundredth anniversary of winemaking in America. The initiatives will focus on recognizing the historical significance, current value, and future economic potential of the winegrowing industry in New Mexico, while also acknowledging the contributions of indigenous and immigrant communities and highlighting the importance of conserving land and water resources.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2028 shall revert to the general fund. This ensures that any funds not utilized for the intended projects will be returned to the state’s general fund for other uses.