This bill proposes an appropriation of $100,000 from the general fund to the Cultural Affairs Department for the fiscal year 2027. The funds are designated for conducting a feasibility study regarding the establishment of a statewide museum dedicated to land grants and acequias. The study will assess the costs and logistics of acquiring or utilizing land or buildings of significance to these historical topics, with potential locations including the Mercedes Unidas center, the city of Santa Fe, or the city of Albuquerque.

Additionally, the bill stipulates that any unspent funds at the end of fiscal year 2027 will revert back to the general fund. This initiative aims to explore the viability of creating a cultural institution that honors and preserves the history and significance of land grants and acequias in New Mexico.