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§ 6-26-3 NMSA 1978

Definitions

Known as the Behavioral Health Capital Funding Act

The act spans §§ 6–6 (8 sections).

Laws 2004, ch. 71, § 3; 2019, ch. 156, § 1; 2023, ch. 129, § 1.

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.

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.