New Mexico legislation · 2026 Regular Session
New Mexico HB24: PROFESSIONAL RECRUITMENT AND RETENTION ACT
Status: In committee, January 26, 2026
What the bill says
An act relating to finance; enacting the professional recruitment and retention act; providing for program administration by the new mexico mortgage finance authority; providing loans for service to professionals for expenses related to the purchase of a home; conditioning loans on practice in new mexico; providing terms for repayment; making an appropriation.
From the introduced text, January 2, 2026:
AN ACT RELATING TO FINANCE; ENACTING THE PROFESSIONAL RECRUITMENT AND RETENTION ACT; PROVIDING FOR PROGRAM ADMINISTRATION BY THE NEW MEXICO MORTGAGE FINANCE AUTHORITY; PROVIDING LOANS FOR SERVICE TO PROFESSIONALS FOR EXPENSES RELATED TO THE PURCHASE OF A HOME; CONDITIONING LOANS ON PRACTICE IN NEW MEXICO; PROVIDING TERMS FOR REPAYMENT; MAKING AN APPROPRIATION. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. [NEW MATERIAL] SHORT TITLE.--This act may be cited as the "Professional Recruitment and Retention Act". SECTION 2. [NEW MATERIAL] DEFINITIONS.--As used in the Professional Recruitment and Retention Act: A. "authority" means the New Mexico mortgage finance authority; B. "loan" means a contract between the authority .232706.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ and a qualified professional to finance the purchase of a home; C. "program" means the professional recruitment and retention housing loan for service program; and D. "qualified professional" means a person who meets the requirements of the Professional Recruitment and Retention Act and is one of the following: (1) a registered nurse licensed pursuant to the Nursing Practice Act; (2) a dentist or dental hygienist licensed pursuant to the Dental Health Care Act; (3) a physician licensed pursuant to the Medical Practice Act; (4) a physician assistant licensed pursuant to the Physician Assistant Act; (5) an anesthesiologist assistant licensed pursuant …
Sponsors
- Kathleen Cates (D, HD-044) · primary sponsor
- Marianna Anaya (D, HD-018)
- D. Wonda Johnson (D, HD-005)
Latest actions
- : HGEIC: Reported by committee with Do Pass recommendation with amendment(s)
- : Sent to HGEIC - Referrals: HGEIC/HAFC
- : Action Postponed Indefinitely
- : Sent to HPREF - Referrals: HPREF
Subjects: PROPERTY (conservancy districts, land grants, real estate), HEALTH & HEALTH FACILITIES, FINANCE, PUBLIC
Common questions
- What is HB24?
- HB24 is a bill in the New Mexico Legislature (2026 Regular Session): PROFESSIONAL RECRUITMENT AND RETENTION ACT.
- What does HB24 do?
- In its own words: An act relating to finance; enacting the professional recruitment and retention act; providing for program administration by the new mexico mortgage finance authority; providing loans for service to professionals for expenses related to the purchase of a home; conditioning loans on practice in new mexico; providing terms for repayment; making an appropriation.
- What is the status of HB24?
- In committee as of January 26, 2026. Latest action: HGEIC: Reported by committee with Do Pass recommendation with amendment(s) (January 26, 2026).
- Who sponsored HB24?
- Kathleen Cates (D, HD-044), with 2 co-sponsors.
- Where is the official record for HB24?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=24&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.