Current through Register Vol. 35, No. 11, June 11, 2024
Section 8.16.3.7 - DEFINITIONSA. "Act" means the Child Care Facilities Loan Act (Sections 24-24-1 to 24-24-4 NMSA 1978).B. "Agreement" means the document or documents signed by the authority and the eligible applicant that specifies the terms and conditions of a loan provided under the program.C. "Applicant" means a provider which has filed a request for a loan with the department and the authority.D. "Application" means a written document filed with the department and the authority by an applicant for the purpose of obtaining a loan. An application may include a form prescribed by the department and the authority, written responses to requests for information by the department and the authority, or other format as determined by the department and the authority.E. "Application committee" means a six-member body, three members appointed by the executive director of the authority from the authority staff and three members appointed by the secretary of the department.F. "Authority" means the New Mexico finance authority and any third party contractually designated by the board to act on behalf of the New Mexico finance authority.G. "Authorized representative" means one or more individuals authorized by the governing body of an applicant to act on behalf of the applicant in connection with its application. An authorized representative may act on behalf of the applicant to the extent provided by law.H. "Board" means the New Mexico finance authority board as created by the act NMSA 6, Article 21 1978.I. "Department" means the New Mexico children, youth and families department.J. "Facility" means a child care facility operated by a provider, including both family home-based and center-based programs, licensed by the department to provide care to infants, toddlers, and children.K. "Fund" means the child care facility revolving loan fund held by the authority pursuant to the act.L. "Loan" means a loan from the fund.M. "Project" means health and safety improvements to a child care facility, including space expansion, in order to maintain an adequate and appropriate environment for a provider's clients.N. "Provider" means a person licensed by the department to provide child care to infants, toddlers and children pursuant to 8.16.2 NMAC.8.16.3.7 NMAC - Rp, 8.16.3.7 NMAC, 09/14/07