New Mexico HB66 amends the Health Professional Loan Repayment Act, establishing fees for contract breaches, modifying the Health Professional Loan.
New Mexico HB66 introduces changes to the Health Professional Loan Repayment Act, including the assessment of fees for breaches of contract by health professionals. The bill modifies the Health Professional Loan Repayment Fund, specifying that at least 50% of available funds must be allocated for licensed physicians. It also repeals sections 21-22D-2 and 21-22D-3 of the NMSA 1978. The bill appropriates $25,000,000 from the general fund to the Health Professional Loan Repayment Fund for fiscal year 2027 and subsequent years to support the loan repayment program.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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