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§ 24-1C-4 NMSA 1978

Primary care capital fund; creation

Known as the Primary Care Capital Funding Act

The act spans §§ 24–24 (9 sections).

Laws 1994, ch. 62, § 10; 2005, ch. 54, § 2; 2019, ch. 276, § 2; 2023, ch. 129, § 7.

A. The "primary care capital fund" is created as a revolving fund in the authority. The fund shall consist of appropriations, loan repayments, gifts, grants, donations and interest earned on investment of the fund. A separate account shall be maintained for appropriations, loan repayments, gifts, grants, donations and interest earned on investment of the account for loans to school-based health centers and telehealth sites. Money in the fund shall not revert at the end of a fiscal year.

B. The fund shall be administered by the authority. The authority may recover from the fund the actual costs of administering the fund and originating loans..

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.