This bill appropriates a total of two million four hundred thousand dollars ($2,400,000) from the general fund to the board of regents of the University of New Mexico. The funds are designated for expenditure over the fiscal years 2027 through 2029, specifically to support Project ECHO's structured literacy educator support initiatives.
Additionally, the bill stipulates that any unexpended balance remaining at the end of fiscal year 2029 will revert back to the general fund, ensuring that unused funds are returned to the state’s budget.