Bill > SB427

This bill appropriates $60 million from the state's general fund to the Health Care Authority (HCA) specifically for establishing new physician residency programs and positions over a three-year period from fiscal year 2026 through 2028. A physician residency is a critical post-medical school training period where new doctors receive supervised, specialized clinical training in a specific medical specialty, such as surgery, pediatrics, or internal medicine. By providing dedicated funding for these programs, the bill aims to potentially address physician shortages, improve medical training infrastructure, and enhance healthcare workforce development in New Mexico. Any funds from this appropriation that remain unused or uncommitted by the end of fiscal year 2028 will be returned to the state's general fund, ensuring fiscal accountability and preventing permanent allocation of the funds beyond the intended timeframe.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=427&year=25