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 for host organizations and internship programs, which must apply to the department to be recognized as qualified. Host organizations are required to contribute financially towards the internship costs and provide detailed information about the internship positions available. The department will award grants to qualified internship programs to fund these internships and cover administrative costs, with a focus on tracking key metrics such as completion rates and post-internship placements.

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 contributions, including appropriations and donations, and is specifically allocated $10 million from the general fund for fiscal year 2026 and beyond. The bill mandates that any unspent funds at the end of a fiscal year will not revert to the general fund, ensuring that resources remain available for the program's ongoing operations.