EXPAND CERTAIN PHYSICIAN RESIDENCIES

SB 5 appropriates $3 million from the state general fund to the University of New Mexico Board of Regents over fiscal years 2027-2029. The funding directly supports hospitals in New Mexico’s medically underserved rural communities to develop and expand physician residency programs in family practice, internal medicine, obstetrics, gynecology, and pediatrics. This aims to address physician shortages by creating training opportunities in critical specialties where healthcare access is limited. Unspent funds will revert to the general fund by the end of 2029. The bill focuses on concrete funding for residency expansion, not new regulations or long-term policy changes.