This bill proposes an appropriation of one million four hundred thousand dollars ($1,400,000) from the general fund to the Board of Regents of the University of New Mexico. The funds are designated for the university's basic needs project and are intended for expenditure during the fiscal year 2027.

Additionally, the bill stipulates that any unexpended balance remaining at the end of fiscal year 2027 will revert back to the general fund, ensuring that unused funds do not remain allocated indefinitely.