New Mexico Statutes Chapter 27. Public Assistance § 27-5-6.1. Safety net care pool fund created

A. The “safety net care pool fund” is created as a nonreverting fund in the state treasury.  The safety net care pool fund, which shall be administered by the authority, shall consist of public money provided through intergovernmental transfers from counties or other public entities and transferred from counties pursuant to Section 27-5-6.2 NMSA 1978.  Money in the fund shall be invested by the state treasurer as other state funds are invested.

B. Money in the safety net care pool fund is appropriated to the authority to make payments to qualifying hospitals.  No safety net care pool fund payments or money in the safety net care pool fund shall be used to supplant any general fund support for the state medicaid program.