N.M. Stat. § 24-24-3

Current through 2024, ch. 69

Section 24-24-3 - Definitions

As used in the Child Care Facility Loan Act:

A. "department" means the early childhood education and care department;

B. "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;

C. "fund" means the child care facility revolving loan fund;

D. "operating capital" means funds needed to meet short-term obligations, such as accounts payable, wages, debt servicing, lease and income tax payments; and

E. "provider" means a person licensed by the department to provide child care to infants, toddlers and children pursuant to Section 9-2A-8 NMSA 1978.

NMS § 24-24-3

Laws 2003, ch. 316, § 3.

Amended by 2023, c. 129,s. 11, eff. 6/13/2023.