Section 27-2-44 - Indigent catastrophic illness hospital fund created. - New Mexico Statutes

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.