affordability fund; behavioral health program fund. A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the health care affordability fund in an amount equal to the following amounts of the net receipts attributable to the health insurance premium surtax; provided that if the rate of the health insurance premium surtax is reduced pursuant to Subsection F of Section 7- 40-3 NMSA 1978, no distribution pursuant to this section shall be made: (1) beginning September 1, 2025 and prior to September 1, 2027, fifty-five percent; (2) beginning September 1, 2027 and prior to September 1, 2028, eighty percent; and (3) beginning September 1, 2028, ninety-five percent. B. Beginning September 1, 2028, a distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the behavioral health program fund in an amount equal to five percent of the net receipts attributable to the health insurance premium surtax; provided that if the rate of the health insurance premium surtax is reduced pursuant to Subsection F of Section 7-40-3 NMSA 1978, no distribution pursuant to this section shall be made. History: Laws 2021, ch. 136, § 1; 2024, ch. 32, §; 2026, ch. 39, § 1.
‹ Prev All New Mexico sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.