(a) There is hereby established within the Department of Health Care Access and Information the California Physician Corps Program.
(b) Commencing July 1, 2006, both of the following programs shall be transferred from the Medical Board of California to the California Physician Corps Program within the department and operated pursuant to this article:
(1) The Steven M. Thompson Physician Corps Loan Repayment Program.
(2) The Physician Volunteer Program developed by the Medical Board of California.
(c) The department may enter into an interagency agreement with the Medical Board of California to implement the transfer of programs as provided under subdivision (b).