MEDICAL RESIDENCY LOAN REPAYMENT ACT
HB 512 creates a program to help New Mexico medical residents and fellows repay student loans by providing direct payments to their lenders. It requires recipients to complete medical training in New Mexico and agree to practice medicine in the state for five consecutive years. The program excludes loans from state service programs, personal loans, and loans already covered by other repayment initiatives. Funds for the program will come from state appropriations and repayments, managed by the Higher Education Department through a new "Medical Residency Loan Repayment Fund."
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 20, 2025
Last action Jun 3, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
Feb 20, 2025
Introduced
Sent to House Education Committee & House Appropriations & Finance Committee
lower
5 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Alan Martinez
RRepublican
P
Gail Armstrong
RRepublican
P
Mark Duncan
RRepublican
P
Mark Murphy
RRepublican
P
Tanya Moya
RRepublican
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