7-1-6.69: Distribution; health insurance premium surtax; health care 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.