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§ 6-26-4 NMSA 1978

Behavioral health capital fund

Known as the Behavioral Health Capital Funding Act

The act spans §§ 6–6 (8 sections).

Laws 2004, ch. 71, § 4; 2019, ch. 156, § 2; 2023, ch. 129, § 2.

A. The "behavioral health 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. Money in the fund shall not revert at the end of a fiscal year.

B. Money in the fund is appropriated to the authority for the purpose of making loans to eligible entities for projects pursuant to the Behavioral Health Capital Funding Act.

C. 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.