CHILDCARE PROGRAM USE OF FUNDS

Summary

The bill bars licensed child‑care and early‑childhood programs that receive money from the state department from using those funds for parent‑company fees, executive pay to investment firms, out‑of‑state operations, dividend payouts, or leasing property to unrelated owners. It also obligates the department to publish yearly reports on program ownership, debt, compensation, and real‑estate arrangements. This aims to keep public money focused on child‑care services in New Mexico.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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