HEALTH CARE PROFESSIONAL LOAN FUND CHANGES
What changed between versions
Expanded eligible health professionals from 18 categories to 27 specific acts including massage therapy, acupuncture, social work, and emergency medical services, plus additional professions as determined by the department.
Established minimum award amount of $75,000 per year for four consecutive years for licensed physicians, with provisions for prorating based on part-time employment.
Added requirement that award recipients must currently practice in New Mexico or agree to relocate and begin practice within 90 days of receiving the award.
Added requirement that the department must encumber the full award amount during the first year of the award period at a published schedule.
Established priority criteria for award selection, giving highest priority to licensed physicians and designated health professional shortage areas.
Created new definitions for 'licensed physician' and 'nurse in advanced practice' to clarify eligibility categories.
Added provisions allowing fees to be assessed upon breach of contract by award recipients.