This bill is a memorial requesting the Guadalupe Hidalgo Treaty Division of the Department of Justice and the Land Grant Council to conduct a study on the potential consequences of restructuring the governance of the Las Vegas land grant. The Las Vegas land grant is currently managed by the district court of San Miguel County, a situation that has led to confusion and a lack of guidance for the court in fulfilling its responsibilities. The bill highlights the historical complexities surrounding the land grant, including disputes over ownership and the impact on land grant members' ability to self-govern.

The memorial calls for an evaluation of the implications of divesting management and appointment authority from the district court and suggests that changes to the existing legal framework, specifically Chapter 49, Article 6 NMSA 1978, may be necessary. It requests that the findings and conclusions from this study be reported to relevant legislative committees by December 1, 2026, and that copies of the memorial be sent to key stakeholders involved in the governance of the Las Vegas land grant.