N.M. Stat. ยง 6-26-3

ยง 6-26-3. Definitions

Year: 2026Length: 179 words
As used in the Behavioral Health Capital Funding Act: A. โ€œ authority โ€ means the New Mexico finance authority; B. โ€œ capital project โ€ means acquisition, repair, renovation or construction of a behavioral health facility; purchase of land; or acquisition of capital equipment; C. โ€œ department โ€ means the human services department; D. โ€œ eligible entity โ€ 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. โ€œ fund โ€ means the behavioral health capital fund; F. โ€œ operating capital โ€ means funds needed to meet short-term obligations, such as accounts payable, wages, debt servicing, lease and income tax payments; and G. โ€œ project โ€ means a capital project or operating capital needed to support the increase of behavioral health services to sick and medically indigent persons.
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