The "osteopathic physician excellence fund" is created in the state treasury to support awards established through the Health Professional Loan Repayment Act to osteopathic primary care physicians who practice in areas of New Mexico that the department has designated as underserved. The fund consists of license application and renewal surcharges pursuant to Section 61-10-6.1 NMSA 1978, appropriations, gifts, grants, donations and income from investment of the fund. Any income earned on investment of the fund shall remain in the fund. Money in the fund shall not revert to any other fund at the end of a fiscal year. The fund shall be administered by the department, and money in the fund is appropriated to the department to make awards established through the Health Professional Loan Repayment Act to osteopathic primary care physicians who practice in areas of New Mexico that the department has designated as underserved. Disbursements from the fund shall be made only upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the secretary of higher education or the secretary's authorized representative.
History: Laws 2019, ch. 68, § 3.
Effective dates. — Laws 2019, ch. 68 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 14, 2019, 90 days after the adjournment of the legislature.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 22D - Health Professional Loan Repayment
Section 21-22D-1 - Short title.
Section 21-22D-3 - Definitions.
Section 21-22D-5 - Delegation of duties.
Section 21-22D-6 - Award criteria; contract terms; payment.
Section 21-22D-7 - Contracts; enforcement.
Section 21-22D-8 - Fund created; method of payment.
Section 21-22D-9 - Cancellation.
Section 21-22D-12 - Osteopathic physician excellence fund.
Section 21-22D-13 - Osteopathic physician excellence fund; creation; administration; appropriation.