GRADUATE MEDICAL EDUCATION ENTITY COSTS

SB 159 requires the University of New Mexico's Board of Regents to provide $27 million in state funds over fiscal years 2027-2029 to cover unreimbursed costs for eligible healthcare facilities hosting medical residency programs. Eligible entities include federally qualified health centers, rural health clinics, independent psychiatric facilities, and critical access hospitals that sponsor accredited residency programs in New Mexico. The funding covers resident salaries, supervising physician costs, accreditation, and program administration, with priority given to New Mexico residents. Unspent funds by the end of 2029 will revert to the state general fund.