The bill establishes a "community water and wastewater system assistance pilot project" in New Mexico, designed to provide technical, financial, and managerial support to public community water and wastewater systems over a three-year period. This initiative will be administered by the local government division of the department of finance and administration, ensuring that participating systems receive the necessary assistance to enhance their operations.

To fund this pilot project, the bill appropriates $900,000 from the general fund for use during fiscal years 2026 through 2028. Any funds that remain unspent or unencumbered by the end of fiscal year 2028 will revert back to the general fund, ensuring fiscal responsibility while supporting the improvement of community water and wastewater systems across the state.