The bill establishes the "New Mexico Resident Physician Recruitment Program" within the graduate medical education office at the University of New Mexico. This program aims to enhance recruitment opportunities for resident physicians by providing funding for supervised rotations at non-University of New Mexico hospitals and clinics across the state. The program will cover costs such as resident salaries, cost-of-living stipends, medical malpractice insurance, and travel reimbursement. Participating hospitals and clinics are required to create a conducive learning environment, assign a licensed physician mentor, and comply with national work hour restrictions for residents.

Additionally, the bill appropriates $1.2 million from the general fund to the University of New Mexico for the fiscal year 2026 to support the program's initiatives. The graduate medical education office is tasked with conducting annual surveys of participating entities to evaluate the program's effectiveness and report the findings to the legislature by January 1, 2026. Any unspent funds at the end of the fiscal year will revert to the general fund.