Section 24-1C-4 - Primary care capital fund; creation. - New Mexico Statutes

24-1C-4. Primary care capital fund; creation.

A.     The "primary care capital fund" is created as a revolving fund in the state treasury.  The fund shall consist of appropriations, loan repayments, gifts, grants, donations and interest earned on investment of the fund.  A separate account shall be maintained for appropriations, loan repayments, gifts, grants, donations and interest earned on investment of the account for loans to school-based health centers and telehealth sites.  Money in the fund shall not revert at the end of a fiscal year.

B.     The fund shall be administered by the authority.  Administrative costs of the authority or department shall not be paid from the fund.  Money in the fund shall be expended only on warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the director of the authority or his authorized representative.