The bill proposes an appropriation of fifty million dollars ($50,000,000) from the general fund to the Department of Environment for the purpose of assessing and cleaning up abandoned and neglected contaminated sites throughout New Mexico, specifically targeting abandoned uranium mining sites. This funding is designated for expenditure during the fiscal years 2027 through 2029 and is aimed at sites that lack viable responsible parties to manage and finance the necessary cleanup actions.

Additionally, the bill stipulates that any unexpended balance of the allocated funds remaining at the end of fiscal year 2029 will revert back to the general fund. This measure seeks to address environmental concerns and public health risks associated with contaminated sites in the state, ensuring that necessary cleanup efforts can be undertaken in the absence of responsible parties.