N.M. Stat. Ann. § 21-22D-8
A. The "health professional loan repayment fund" is created as a nonreverting fund in the state treasury. The fund consists of appropriations, distributions, gifts and grants. The department shall administer the fund, and money in the fund is appropriated to the department to provide awards pursuant to the Health Professional Loan Repayment Act; provided that:
History: Laws 1995, ch. 144, § 23; 2026, ch. 45, § 4.
The 2026 amendment, effective May 20, 2026, specified that the health professional loan repayment fund is a nonreverting fund in the state treasury, and provided that no less than half of the funds appropriated to the health professional loan repayment program be designated for distribution to licensed physicians; added new subsection designation "A"; in Subsection A, in the introductory paragraph, after "created" added "as a nonreverting fund", after "in the state treasury", deleted "All money appropriated for the health professional loan repayment program shall be credited to the fund, and all payments for penalties or repayment of awards received by the commission shall be credited to the fund or shall be deposited with the commission's administrative agent. All payments for loan repayment awards shall be made upon vouchers signed by the designated representative of the commission and upon warrant issued by the secretary of finance and administration." and added the remainder of the introductory paragraph, and added new Paragraphs A(1) and A(2); and added new Subsection B.