2016 New Mexico Statutes
Chapter 6 - Public Finances
Article 26 - Behavioral Health Capital Funding Act
Section 6-26-4 - Behavioral health capital fund.
6-26-4. Behavioral health capital fund.
A. The "behavioral health capital fund" is created as a revolving fund in the authority. The fund shall consist of appropriations, loan repayments, gifts, grants, donations and interest earned on investment of the fund. Money in the fund shall not revert at the end of a fiscal year.
B. Money in the fund is appropriated to the authority for the purpose of making loans to eligible entities for capital projects pursuant to the Behavioral Health Capital Funding Act.
C. The fund shall be administered by the authority. Administrative costs of the authority or department shall not be paid from the fund.
History: Laws 2004, ch. 71, 4.
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