New Mexico Statutes 24-1C-3. Definitions
As used in the Primary Care Capital Funding Act:
Terms Used In New Mexico Statutes 24-1C-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A. “authority” means the New Mexico finance authority;
B. “capital project” means acquisition, repair, renovation or construction of a facility;
purchase of land; acquisition of capital equipment of a long-term nature; or acquisition of capital equipment to be used in the delivery of primary care, telehealth or hospice services;
C. “department” means the department of health; D. “eligible entity” means:
(1) a community-based nonprofit primary care clinic or hospice that operates in a rural or other health care underserved area of the state, that is a 501(c)(3) nonprofit corporation for federal income tax purposes and that is eligible for funding pursuant to the Rural Primary Health Care Act [24-1A-1 to 24-1A-3, 24-1A-4 N.M. Stat. Ann.];
(2) a school-based health center that operates in a public school district and that meets department requirements or that is funded by the federal department of health and human services;
(3) a primary care clinic that operates in a rural or other health care underserved area of the state, that is owned by a county or municipality and that meets department requirements for eligibility; or
(4) a telehealth site that is operated by an entity described in this subsection; E. “fund” means the primary care capital fund;
F. “operating capital” means funds needed to meet short-term obligations, such as accounts payable, wages, debt servicing, lease and income tax payments;
G. “primary care” means the first level of basic or general health care for an individual’s health needs, including diagnostic and treatment services and including services delivered at a primary care clinic, a telehealth site or a school-based health center; “primary care” includes the provision of mental health services if those services are integrated into the eligible entity’s service array; and
H. “project” means a capital project or operating capital needed to support the increase of primary care services to sick and medically indigent persons.