This act [24-24-1 to 24-24-4 NMSA 1978] may be cited as the “Child Care Facility Loan Act”. History: Laws 2003, ch. 316, § 1. ANNOTATIONS Emergency clauses. — Laws 2003, ch. 316, § 5 contained an emergency clause and was approved April 8, 2003.
The purpose of the Child Care Facility Loan Act is to support the physical improvement, repair, safety and maintenance of licensed child care facilities throughout New Mexico by providing long-term, low-interest funding through a revolving loan fund so as to ensure availability of healthy and safe teaching environments. History: Laws 2003, ch. 316, § 2. […]
As used in the Child Care Facility Loan Act: A. “department” means the children, youth and families 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 […]
A. The “child care facility revolving loan fund” is created in the New Mexico finance authority to provide low-interest, long-term loans to providers to make health and safety improvements in their facilities. The fund shall consist of appropriations, gifts, grants and donations to the fund, which shall be invested as provided in the New Mexico […]
