This bill proposes an appropriation of $2,550,000 from the general fund to the Board of Regents of the New Mexico Institute of Mining and Technology. The funds are designated for the operational expenses of a student success center focused on science, technology, engineering, and mathematics (STEM) for the fiscal years 2026 through 2028.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of fiscal year 2028 will revert back to the general fund, ensuring that unused funds are returned to the state’s budget.