This bill proposes an appropriation of $222 million from the general fund to the Department of Finance and Administration specifically for the New Mexico Finance Authority's Water Project Fund. The allocated funds are intended for expenditure during the fiscal years 2026 and 2027, targeting water projects that have been authorized by the legislature in the second session of the fifty-seventh legislature.

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 appropriation is managed effectively and that unused resources are returned to the state’s finances.