If an eligible entity that has received a loan or contract for services for a project ceases to maintain its nonprofit status or ceases to deliver behavioral health services at the site of the project for twelve consecutive months, the authority may pursue the remedies provided in the loan agreement or contract for services or as provided by law.
§ 6-26-7 NMSA 1978
Eligible entity; change in status
Known as the Behavioral Health Capital Funding Act
The act spans §§ 6–6 (8 sections).
Laws 2004, ch. 71, § 7; 2023, ch. 129, § 5.
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.