The proposed bill enacts the "Child Care Assistance Program Act," establishing a new program within the Children's Code aimed at providing financial assistance for child care services to eligible families in New Mexico. The bill outlines definitions for key terms such as "at-risk child," "child care assistance," and "child care facility," and sets forth eligibility requirements for families seeking assistance. To qualify, parents or legal guardians must meet specific criteria, including employment, education, or participation in job training programs. The bill also allows for a sliding scale copayment system based on household income and establishes a waitlist for assistance if demand exceeds available funding.

Additionally, the bill mandates that participating child care facilities adhere to certain requirements, such as not charging families beyond the rates paid by the department and ensuring proper training for staff to identify at-risk children. The department is tasked with developing the program, ensuring accountability, and conducting regular compliance reviews of child care facilities. Furthermore, the bill requires the department to report annually on the program's implementation, costs, and demographic data of families served, promoting transparency and oversight in the administration of child care assistance.