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§ 24-24-3 NMSA 1978

Definitions

Known as the Child Care Facility Loan Act

The act spans §§ 24–24 (4 sections).

Laws 2003, ch. 316, § 3; 2023, ch. 129, § 11; 2025, ch. 14, § 1.

As used in the Child Care Facility Loan Act:

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

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

C. "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;

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

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

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

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.