Bill > SB190

This bill creates the Rural Hospital Services Fund, which provides payments to newly constructed rural hospitals or rural hospitals that expand or provide new services in New Mexico. The fund aims to cover operating losses for these hospitals, defined as the difference between recognized revenue and allowable costs. Eligibility for grants from the fund is subject to certain conditions, such as pursuing federal and third-party funding, providing adequate cost data, and committing to a period of operation equivalent to the number of years grants are awarded. The bill appropriates $150 million from the general fund to the Rural Hospital Services Fund for fiscal year 2023 and subsequent years, with up to $350,000 each year allocated for the administration of the fund.

Budget and Finance, Government Affairs

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=190&year=22