SB 210 HEALTH CARE FUND PURPOSE FUNDING

Sen Michael Padilla

Actions: [2] SCC/SHPAC/SFC-SCC [4]germane-SHPAC [6] DP-SFC

Scheduled: Not Scheduled

 Senate Bill 210 (SB 210) appropriates sixty million dollars to the Department of Finance and Administration for the New Mexico Finance Authority to carry out the purposes of the Behavioral Health Capital Fund, Primary Care Capital Fund, and Child Care Facility Revolving Loan Fund.
 

 Senate Bill 210 (SB 210) appropriates sixty million dollars from the General Fund (GF) to Department of Finance and Administration (DFA) for the New Mexico Finance Authority (NMFA) for expenditure in Fiscal Year (FY) 2025 and subsequent FYs as follows:
•	Twenty-five million dollars ($25,000,000) to carry out the purposes of the Behavioral Health Capital Funding Act (Section 6-26-4 NMSA 1978);
•	Twenty-five million dollars ($25,000,000) to carry out the purposes of the Primary Care Capital Funding Act (Section 24-1C-1 NMSA 1978); and
•	Ten million dollars ($10,000,000) to carry out the purposes of the Child Care Facility Loan Act (Section 24-24-4 NMSA 1978).

Any unexpended or unencumbered balance remaining at the end of a FY will not revert to the GF.
 

 In 2004, the Behavioral Health Capital Funding Act (Section 6-26-4 NMSA 1978) created a nonreverting, revolving fund administered by the NMFA for the purpose of making low-cost loans to nonprofit behavioral health clinics in rural and underserved areas of the state; 
Created in 1994, NMFA and the Department of Health jointly administer the Primary Care Capital Fund (Section 24-1C-1 NMSA 1978) to make loans to nonprofit primary care clinics in rural and medically underserved areas; school-based health centers; telehealth sites. It expanded to include all nonprofit primary care providers and primary care health clinics owned by counties and municipalities as well.
The Child Care Facility Loan Act (Section 24-24-4 NMSA 1978) provides low-interest, long-term loans to providers to make health and safety improvements in their facilities and for operating capital.