This bill proposes an appropriation of five million dollars ($5,000,000) from the general fund to the Higher Education Department for the fiscal year 2027. The funds are designated to support the objectives outlined in the Graduate Scholarship Act, which aims to enhance educational opportunities for graduate students in New Mexico.

Additionally, the bill stipulates that any unspent funds remaining at the end of fiscal year 2027 will revert back to the general fund, ensuring that the allocation is managed responsibly and that unused resources are returned to the state budget.