This bill proposes an appropriation of one hundred million dollars ($100,000,000) from the general fund to the Higher Education Department. The funds are designated to supplement reduced or terminated federal funding for existing research projects at the University of New Mexico, New Mexico State University, and the New Mexico Institute of Mining and Technology. The bill aims to ensure that these research projects, which are feasibly able to be completed, can continue despite the loss of federal support.

The appropriation is intended for expenditure in fiscal years 2027 and 2028, with any unspent funds at the end of fiscal year 2028 reverting back to the general fund. This measure seeks to bolster the state's higher education institutions and maintain the progress of important research initiatives that may otherwise be hindered by funding cuts.