This bill proposes a transfer of twenty-nine million five hundred thousand dollars ($29,500,000) from the general fund to the rural libraries endowment fund. The purpose of this transfer is to support rural libraries in New Mexico, ensuring they have the necessary resources to serve their communities effectively.

The bill does not include any deletions from current law, but it establishes a new appropriation aimed at enhancing the funding available for rural libraries through the endowment fund. This financial support is intended to promote literacy, access to information, and educational resources in rural areas of the state.