Bill > SB202

This bill establishes the "physician graduate medical education trust fund" and the "physician graduate medical education program fund" as dedicated, non-reverting funds in the state treasury, meaning the money in them does not return to the general fund at the end of a fiscal year. The trust fund will be created with an initial transfer of $100 million from the general fund and will grow through investments, gifts, and donations, with its earnings being distributed annually to the program fund. The program fund, initially seeded with $10 million from the general fund, will be administered by the health care authority and is intended to support physician graduate medical education programs, particularly those in rural and underserved areas, with specific appropriations outlined for programs in different stages of development and accreditation. The bill also declares an emergency, allowing it to take effect immediately for the public peace, health, and safety.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=202&year=26