PHYSICIAN GRADUATE MEDICAL ED. TRUST FUND

SB 380 creates a Physician Graduate Medical Education Trust Fund by transferring $100 million from the state's general fund. The trust fund will be invested, and each year 5% of its average market value over the prior three years will be distributed to a separate program fund. This program fund will provide specific funding: up to $2.5 million for rural/underserved medical education programs seeking accreditation, up to $500,000 for newly accredited programs, and remaining funds for established accredited programs in those areas. The bill directly affects medical training programs in rural and underserved communities by establishing a dedicated funding mechanism.