There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 27: Public Assistance
Article 2: Public Assistance Act, 27-2-1 through 27-2-47
Section 27-2-44: Indigent catastrophic illness hospital fund created.
Universal Citation:
NM Stat § 27-2-44 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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27-2-44. Indigent catastrophic illness hospital fund created.
There is created in the state treasury the "indigent catastrophic illness hospital fund". Money in the fund is appropriated to the department for the purpose of reimbursing hospitals for eligible claims for hospital charges incurred by medically indigent patients and for paying administrative costs of the department not to exceed three percent of the annual appropriation or other distribution or transfer to the fund. Money in the fund shall be invested as provided for other state funds and income earned on the fund shall be credited to the fund. No balance remaining at the end of any fiscal year shall revert to the general fund.
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