The bill amends the Emergency Medical Services Fund provisions in New Mexico law, specifically Section 24-10A-3 NMSA 1978, to enhance funding for emergency medical services. It establishes that funds within the "emergency medical services fund" will not revert at the end of any fiscal year and mandates that at least seventy-five percent of the fund's money be allocated to support local emergency medical services, covering costs for supplies, equipment, and operational expenses, excluding salaries and benefits. The distribution of these funds will be based on a formula that considers geographic size, population, and the number of emergency runs made by local recipients. Additionally, the bill specifies that no more than twenty-two percent of the fund can be used for system improvement projects, with a maximum of three percent allocated for administrative costs.

Furthermore, the bill allows for the redirection of funds from the Emergency Medical Services Fund to the New Mexico Finance Authority for loans related to equipment purchases for emergency medical services system improvement projects. It also repeals a previous law (Laws 2019, Chapter 210, Section 1) to streamline the legal framework governing revenue bonds and clarifies definitions related to emergency medical services bonds. The bill sets an effective date of July 1, 2025, for its provisions, ensuring municipalities have clear guidelines for issuing bonds and accessing necessary resources for emergency medical services.

Statutes affected:
introduced version: 3-31-1, 3-31-1.1, 4-62-1.1, 24-10A-3
Final Version: 3-31-1, 3-31-1.1, 4-62-1.1, 4-62-1