This bill proposes an appropriation of $1,500,000 from the general fund to the Board of Regents of the University of New Mexico. The funds are designated for the site preparation, construction, equipping, furnishing, and landscaping of the Cielo Centro observatory at the University of New Mexico-Taos. The appropriation is intended for expenditure over the fiscal years 2026 through 2029.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2029 shall revert to the general fund. This ensures that any funds not utilized for the observatory project will be returned to the state’s general fund for other uses.