The measure would allocate 1.25% of the five-year average of year-end market values of the money in the Land Grant Permanent Fund to early childhood education (60% of the allocation) and public education (40% of the allocation). As of 2020, the New Mexico Constitution provided that the annual distribution from the fund was 5% to 21 designated fund beneficiaries. This amendment would increase the total annual distribution to 6.25%. The amendment also provided that if the average year-end market value for the preceding five years of the LGPF dropped to $17 billion allocations would be halted until the fund amount increased.