New Mexico Statutes 6-26-7. Eligible entity; change in status
Current as of: 2023 | Check for updates
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If an eligible entity that has received a loan or contract for services for a project ceases to maintain its nonprofit status or ceases to deliver behavioral health services at the site of the project for twelve consecutive months, the authority may pursue the remedies provided in the loan agreement or contract for services or as provided by law.
Terms Used In New Mexico Statutes 6-26-7
- Contract: A legal written agreement that becomes binding when signed.