N.M. Stat. Ann. § 61-3-10.5
A. The board may establish a "nursing excellence program" that provides strategies to:
(2) fund loan repayment assistance pursuant to Section 2 of this 2017 act [21-22D-11 NMSA 1978].
B. The board may impose a license renewal surcharge for each nursing license renewed in an amount not to exceed twenty dollars ($20.00) to implement and maintain the nursing excellence program. The surcharge shall be used as follows:
(2) fifty percent of each license renewal surcharge shall be appropriated to the higher education department in accordance with the provisions of Section 2 of this 2017 act to fund loan repayment assistance for nurses in advanced practice who practice in areas of New Mexico that the higher education department has designated as underserved.
C. The board shall transfer the portion of the license renewal surcharge to be appropriated to the higher education department in accordance with the provisions of Paragraph (2) of Subsection B of this section by July 1, 2018 and by each July 1 thereafter.
History: Laws 2003, ch. 276, § 2; 2017, ch. 91, § 3.
The 2017 amendment, effective July 1, 2017, provided loan repayment assistance through nursing license renewal surcharge fees for nurses in advance practice who practice in areas of New Mexico that the higher education department has designated as underserved; in Subsection A, added paragraph designation "(1)", at the end of the paragraph, added "and", and added Paragraph A(2); in Subsection B, in the second sentence, added "surcharge shall be used as follows", and added Paragraphs B(1) and B(2); and added Subsection C.