This bill proposes an appropriation of $100,000 from the general fund to the board of regents of New Mexico State University. The funds are designated for expenditure by the New Mexico Department of Agriculture in fiscal year 2026, specifically for the planning, development, and creation of a Rio Hondo watershed district.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2026 shall revert to the general fund, ensuring that unused funds are returned to the state’s budget.