Chapter 4, Article 48A NMSA 1978 may be cited as the “Special Hospital District Act”. History: 1978 Comp., § 4-48A-1, enacted by Laws 1978, ch. 29, § 1; 1992, ch. 41, § 1. ANNOTATIONS The 1992 amendment, effective May 20, 1992, substituted “Chapter 4, Article 48A NMSA 1978” for “This act”. Constitutionality. — The Special […]
The board of trustees shall: A. be the governing authority of the special hospital district; B. comply with the provisions of law for local governments pertaining to the preparation and approval of budgets by the local government division of the department of finance and administration; C. comply with the provisions of law pertaining to the […]
A. The board of trustees may acquire by purchase, lease-purchase or lease for the use of the special hospital district, any existing hospital facility (including buildings, property, furniture and equipment). B. The governing body of a political subdivision situated within the territorial boundaries of a special hospital district and owning a hospital facility already constructed […]
A. Upon approval of a majority of the qualified electors voting upon the question, the board of trustees may issue general obligation bonds of the special hospital district for the purposes of: (1) constructing, acquiring or purchasing a hospital facility for the special hospital district; (2) equipping, furnishing, remodeling or renovating a hospital facility owned […]
A. General obligation bonds issued by a special hospital district shall mature not more than twenty years from their date and be numbered from one upwards consecutively. Interest on all such bonds shall be payable either annually or semiannually, as provided by resolution of the board of trustees; provided, that the first installment of interest […]
A. The officials now or hereafter charged by law with the duty of levying ad valorem taxes for the payment of bonds and interest shall, in the manner provided by law, make an annual levy sufficient to meet the annual or semiannual payments of principal and interest on the maturing general obligation bonds or the […]
A. The board of trustees may issue bonds in such form as the board of trustees may determine for the purpose of refunding any of the general obligation bonded indebtedness of the special hospital district which has or may hereafter become due and payable, or which has or may hereafter become payable at the option […]
A. In each special hospital district, the board of trustees may adopt a resolution calling for an election for the purpose of authorizing the imposition of an ad valorem tax on all taxable property within the special hospital district. The election shall be held pursuant to the Local Election Act [Chapter 1, Article 22 NMSA […]
All elections of the special hospital district, unless otherwise provided in the Special Hospital District Act, shall be called, conducted and canvassed pursuant to the Local Election Act [Chapter 1, Article 22 NMSA 1978]. History: 1978 Comp., § 4-48A-17, enacted by Laws 1978, ch. 29, § 17; 1981, ch. 84, § 9; 2018, ch. 79, […]
A special hospital district shall be dissolved in the following manner: A. there shall be submitted a petition for dissolution to the board of county commissioners signed by at least ten percent of the qualified electors residing within the district or, in the case of a special hospital district composed of all or portions of […]
As used in the Special Hospital District Act: A. “board of trustees” means the governing board of the special hospital district; B. “qualified elector” means a natural person resident in a proposed or existing special hospital district who is registered to vote in state general elections; C. “special hospital district” means a district wherein a […]
A. A special hospital district may issue revenue bonds pursuant to the Special Hospital District Act for the purposes of: (1) constructing, acquiring or purchasing a hospital facility for the special hospital district; (2) equipping, furnishing, remodeling or renovating a hospital facility owned or operated by the special hospital district; or (3) purchasing or acquiring […]
It is unlawful to divert, use or expend any money received from the issuance of bonds for any purpose other than the purpose for which the bonds were issued; provided, however, that bond proceeds may be used for reserves and to pay the costs of issuance. History: 1978 Comp., § 4-48A-21, enacted by Laws 1981, […]
Special hospital district revenue bonds: A. shall bear interest payable annually or semiannually and may or may not be evidenced by coupons; provided, the first interest payment date may be for interest accruing for any period not exceeding one year; B. may be subject to a prior redemption at the option of the special hospital […]
At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Special Hospital District Act, the board of trustees may adopt a resolution that: A. declares the necessity for issuing revenue bonds; B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of […]
Revenue bonds issued by a special hospital district under the authority of the Special Hospital District Act shall not be construed or held to be general obligations of such special hospital district or the counties in which the special hospital district is located and shall be collectible only out of all or a portion of […]
A. The principal of and interest on any revenue bonds issued under the authority of the Special Hospital District Act shall be secured by a pledge of the revenues out of which such bonds shall be made payable, and may be secured by a mortgage covering all or any part of the hospital facility from […]
The revenue bonds issued under authority of the Special Hospital District Act and the income from said bonds, all mortgages or other security instruments executed as security for such bonds, shall be exempt from all taxation by the state or any subdivision thereof. History: 1978 Comp., § 4-48A-26, enacted by Laws 1981, ch. 84, § […]
The Special Hospital District Act shall not be construed to require an election by the voters of a special hospital district prior to the issuance of revenue bonds hereunder by the special hospital district. History: 1978 Comp., § 4-48A-27, enacted by Laws 1981, ch. 84, § 18.
No notice, consent or approval by any governmental body, commission, board or public officer shall be required as a prerequisite to the sale or issuance of any revenue bonds or the making of a mortgage under the authority of the Special Hospital District Act, except as provided herein. History: 1978 Comp., § 4-48A-28, enacted by […]
