Summary:

 House Bill 150 makes an appropriation to the Board of Regents of New Mexico State University for the New Mexico Department of Agriculture for grants to assist state meat processors facing economic and technological challenges. 

Legislation Overview:

 House Bill 150 appropriates $3,000,000 from the General Fund to the board of regents of New Mexico State University for expenditure in Fiscal Years 2026 through 2029 for the New Mexico Department of Agriculture for grants to assist state meat processors in adapting to new meat processing technologies and changing market dynamics, to ease their regulatory burden, overcome inefficiencies in the meat production chain and continue to make a positive economic impact in their communities. Any unexpended or unencumbered balance remaining at the end of Fiscal Year 2029 shall revert to the General Fund.