PHYSICIAN GRADUATE ED. TRUST FUND

SB 202 creates two funds to support physician training in New Mexico: a $100 million Physician Graduate Medical Education Trust Fund (to be invested and managed) and an $8 million Physician Graduate Medical Education Program Fund (to directly support training). Starting in 2027, the program fund will receive annual distributions from the trust fund and use $8 million over two years to specifically aid medical training programs in rural and underserved areas. This includes up to $2.5 million annually for programs developing accreditation applications, $0.5 million for newly accredited programs, and $1 million for established programs. The bill ensures these funds remain available for their intended purpose without reverting to the trust fund.