N.M. Stat. § 6-26-3

Current through 2024, ch. 69

Section 6-26-3 - Definitions

As used in the Behavioral Health Capital Funding Act:

A. "authority" means the New Mexico finance authority;

B. "capital project" means acquisition, repair, renovation or construction of a behavioral health facility; purchase of land; or acquisition of capital equipment;

C. "department" means the human services department [health care authority department];

D. "eligible entity" means:

(1) a nonprofit behavioral health facility that is a 501(c)(3) nonprofit corporation for federal income tax purposes and serves primarily sick and indigent patients; or

(2) a behavioral health care clinic that operates in a rural or other health care underserved area of the state, that is owned by a county or municipality and that meets department requirements for eligibility;

E. "fund" means the behavioral health capital fund;

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

G. "project" means a capital project or operating capital needed to support the increase of behavioral health services to sick and medically indigent persons.

NMS § 6-26-3

Laws 2004, ch. 71, § 3.

Amended by 2023, c. 129,s. 1, eff. 6/13/2023.

Amended by 2019, c. 156,s. 1, eff. 6/14/2019.