AN ACT

AUTHORIZING THE COMMISSION ON HIGHER EDUCATION TO MAKE EXPENDITURE OF ALREADY APPROPRIATED FUNDS FOR A LOAN-FOR-SERVICE FINANCIAL AID PROGRAM IN FISCAL YEAR 2003 WITH BAYLOR UNIVERSITY TO TRAIN DENTISTS TO WORK IN NEW MEXICO; DECLARING AN EMERGENCY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. TEMPORARY PROVISION--AUTHORIZATION FOR EXPENDITURE.--The commission on higher education is authorized to make expenditure of funds already appropriated for fiscal year 2003 to provide a loan-for-service financial aid program pursuant to a contract with Baylor university to train dentists to work in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2003 shall revert to the general fund.

Section 2. EMERGENCY.--It is necessary for the public

peace, health and safety that this act take effect

immediately.