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2021 New Mexico Statutes
Chapter 24 - Health and Safety
Article 1C - Primary Care Capital Funding
Section 24-1C-9 - Eligible entity; change in status.
Universal Citation: NM Stat § 24-1C-9 (2021)
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.
History: Laws 1994, ch. 62, § 15; 1997, ch. 230, § 3.
ANNOTATIONSThe 1997 amendment, effective June 20, 1997, substituted "may pursue the remedies provided in the loan agreement or contract for services as provided by law" at the end of the section for language relating to the state having specific remedies at its option, subject to other liens having preference.
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