Senate Joint Memorial 3 is a legislative proposal that honors the efforts of New Mexico's institutions of higher education in promoting bilingual education. The bill requests the higher education department to collaborate with the University of New Mexico, Western New Mexico University, New Mexico Highlands University, and New Mexico State University to develop a joint bachelor's degree in elementary bilingual multicultural education. It also emphasizes the need for scholarships for individuals with degrees in bilingual education and those who have graduated with a state seal of bilingualism-biliteracy, to support their pursuit of advanced degrees in the field.

Additionally, the memorial calls for increased funding to support bilingual education faculty positions and the granting of college credit for students who graduate with the state seal of bilingualism-biliteracy, regardless of the nature of their language skills. It further requests that the public education department ensure the linguistic rights of bilingual multicultural students are upheld, in accordance with various legal precedents and educational acts. The resolution aims to address the critical shortage of bilingual teachers in New Mexico and to enhance the quality of bilingual education in the state.