The bill proposes an appropriation of $350,000 from the general fund to the Board of Regents of New Mexico State University for the fiscal year 2026. The allocated funds are intended for the New Mexico Department of Agriculture to establish and operate an agritourism program. This program aims to enhance the marketing and promotion of New Mexico's agritourism industry, which is expected to contribute to the state's economy and tourism sector.
Additionally, the bill stipulates that any unexpended or unencumbered balance of the allocated funds at the end of fiscal year 2026 will revert back to the general fund. This provision ensures that any unused funds are returned to the state budget, maintaining fiscal responsibility.