The proposed bill establishes the "Sustain the Families Trust Fund," a nonreverting fund within the state treasury aimed at providing income subsidies to lower-income residents in New Mexico. The fund will be composed of various sources, including distributions, appropriations, gifts, grants, and donations, with income from investments also contributing to its balance. The fund's resources will be utilized to assist the most disadvantaged residents, reinforcing the notion of access to basic rights.

Additionally, the bill outlines the responsibilities of the state investment officer, who will manage the fund's investments in accordance with the prudent investor rule and in consultation with the secretary of the health care authority. The investment officer is required to report quarterly to the legislative finance committee and the state investment council, with an annual report due by October 1 each year to relevant legislative committees. This structure aims to ensure transparency and accountability in the management of the trust fund.