Definitions

As used in the Child Care Facility Loan Act: A. "authority" means the New Mexico finance authority; B. "department" means the early childhood education and care department; C. "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; D. "fund" means the child care facility revolving loan fund; E. "operating capital" means funds needed to meet short-term obligations, such as accounts payable, wages, debt servicing, lease and income tax payments; and F. "provider" means a person, entity or employer licensed by the department to provide child care to infants, toddlers and children pursuant to Section 9-2A-8 NMSA 1978. History: Laws 2003, ch. 316, § 3; 2023, ch. 129, § 11; 2025, ch. 14, § 1.