This bill proposes an appropriation of three million dollars ($3,000,000) from the general fund to the Board of Regents of the University of New Mexico. The funds are designated for the university's graduate medical education program, aimed at developing and expanding physician residency positions in family practice, internal medicine, obstetrics, gynecology, and pediatrics specifically in medically underserved rural communities within the state.

The appropriation is intended for expenditure during fiscal years 2027 through 2029, with any unspent funds at the end of fiscal year 2029 required to revert back to the general fund. This initiative seeks to address the shortage of medical professionals in rural areas, thereby improving healthcare access and quality for residents in those communities.