§ 24-24-3. Definitions

As used in the Child Care Facility Loan Act: A. “ department ” means the early childhood education and care department; B. “ facility ” means a child care facility operated by a provider, including both family home-based and center-based programs, licensed by the department to provide care to infants, toddlers and children; C. “ fund ” means the child care facility revolving loan fund; D. “ operating capital ” means funds needed to meet short-term obligations, such as accounts payable, wages, debt servicing, lease and income tax payments; and E. “ provider ” means a person licensed by the department to provide child care to infants, toddlers and children pursuant to Section 9-2A-8 NMSA 1978 .