NEW PHYSICIAN RESIDENCY PROGRAMS

SB 427 appropriates $60 million from the general fund to the Health Care Authority to create new physician residency programs and positions across New Mexico. The funding is allocated for fiscal years 2026 through 2028, specifically targeting the expansion of medical training opportunities for doctors. Any unspent funds at the end of 2028 must return to the state general fund. This bill directly affects medical residency programs and future physicians by providing dedicated state funding for new training positions.