The bill amends Section 72-14-23 NMSA 1978 to increase the annual transfer from the New Mexico Irrigation Works Construction Fund to the Acequia and Community Ditch Infrastructure Fund. Specifically, it establishes that annually, five million dollars ($5,000,000) will be transferred to the Acequia and Community Ditch Infrastructure Fund, while one million dollars ($1,000,000) will continue to be transferred to the Forest Land Protection Revolving Fund. This change aims to enhance funding for community irrigation infrastructure, reflecting the state's commitment to supporting local agricultural practices.

The bill also outlines the authority of the commission regarding the management of the New Mexico Irrigation Works Construction Fund, including the ability to receive contributions and appropriations from various sources. It emphasizes the importance of restoring or compensating for any public or private property damaged during the execution of projects funded by this act. The provisions of this act are set to take effect on July 1, 2026.