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Current as of January 01, 2024 | Updated by FindLaw Staff
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;
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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 6. Public Finances § 6-26-3. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-6-public-finances/nm-st-sect-6-26-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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