SANTA FE COLLEGE OF OSTEOPATHIC MEDICINE FUND

This bill creates a special $40 million escrow fund using money from New Mexico's tobacco settlement to support the establishment of a new Santa Fe College of Osteopathic Medicine. The fund, held until the college graduates its first class and achieves full accreditation (or by July 1, 2032), requires the college to annually report student data like applications, acceptances, graduation rates, and residency placements. The funds are transferred from the tobacco settlement permanent fund to this new account on July 1, 2025. The bill directly affects the new medical college and its operations, with no other entities or policies mentioned as being directly impacted.