The bill proposes an appropriation of $546,600,000 from the general fund to the board of regents of the University of New Mexico. This funding is designated for the construction, equipping, and furnishing of a new school of medicine facility, with expenditures planned for fiscal years 2027 through 2030.

Additionally, the bill stipulates that any unspent funds remaining six months after the project's completion, or by the end of fiscal year 2030, will revert back to the general fund. This ensures that the allocated funds are utilized effectively and that any surplus is returned to the state budget.