The purpose of the Health Professional Loan Repayment Act is to increase the number of health professionals in underserved areas of the state through an educational loan repayment program. The act provides for repayment of the principal and reasonable interest accrued on loans obtained from the federal government or a commercial lender for health education purposes.
History: Laws 1995, ch. 144, § 17.
Effective dates. — Laws 1995, ch. 144, § 26 made the Health Professional Loan Repayment Act effective July 1, 1995.
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.