There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 24: Health and Safety
Article 1C: Primary Care Capital Funding, 24-1C-1 through 24-1C-10
Section 24-1C-9: Eligible entity; change in status.
NM Stat § 24-1C-9 (1996 through 1st Sess 50th Legis) What's This?
24-1C-9. Eligible entity; change in status.
If an eligible entity that has received a loan or contract for services for a capital project ceases to maintain its nonprofit status or ceases to deliver primary care services at the site of the capital project for twelve consecutive months, the state may pursue the remedies provided in the loan agreement or contract for services or as provided by law.
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