This bill appropriates two hundred million dollars ($200,000,000) from the general fund to the board of regents of New Mexico State University for the New Mexico Department of Agriculture. The funds are designated for the regional farm to food bank program and are intended for expenditure in fiscal year 2026 and subsequent fiscal years. Importantly, any unexpended balance at the end of a fiscal year will not revert to the general fund, allowing for continued use of the funds in future years.
Additionally, the bill declares an emergency, stating that it is necessary for the public peace, health, and safety for the act to take effect immediately. This provision underscores the urgency of the funding to support food security initiatives in the state.