New Mexico § 6-26-4 Behavioral health capital fund

New Mexico Statutes

§ 6-26-4 — Behavioral health capital fund

New Mexico·Ch. 6 Public Finances·Art. 26 Behavioral Health Capital Funding Act

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 projects pursuant to the Behavioral Health Capital Funding Act.

C.The fund shall be administered by the authority. The authority may recover from the fund the actual costs of administering the fund and originating loans.

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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 projects pursuant to the Behavioral Health Capital Funding Act. C. The fund shall be administered by the authority. The authority may recover from the fund the actual costs of administering the fund and originating loans.

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