The bill establishes the "High School Internship Grant Program" within the New Mexico workforce solutions department, aimed at providing paid internship opportunities for high school students. It outlines the eligibility criteria and application process for both host organizations and internship programs seeking to participate. Host organizations must provide basic information, contribute financially to the internship costs, and meet readiness criteria, while internship programs must describe their support elements and payment structures. The department will award grants to qualified internship programs to fund these internships and will require regular reporting on key metrics to evaluate the program's effectiveness.

Additionally, the bill creates the "High School Internship Grant Program Fund," a nonreverting fund in the state treasury, which will be administered by the workforce solutions department. This fund will consist of various financial sources, including appropriations and donations, and is specifically allocated for the grant program's purposes. An appropriation of $10 million is made from the general fund for fiscal year 2026 and subsequent years to support the program, with any unspent funds not reverting to the general fund.