Section 4-48B-24 – Revenue bonds; exemption from taxation.
The revenue bonds issued under authority of the Hospital Funding Act and the income from the bonds, all mortgages or other security instruments executed as security for the bonds, all agreement [agreements] made pursuant to the provisions of that act and the revenues derived therefrom by a county shall be exempt from all taxation by […]
Section 4-48B-25 – Election not required.
The Hospital Funding Act shall not be construed as requiring an election by the voters of a county prior to the issuance of revenue bonds under that act by a county. History: 1978 Comp., § 4-48B-25, enacted by Laws 1981, ch. 83, § 25.
Section 4-48B-26 – No notice or publication required.
No notice, consent or approval by any governmental body, commission 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 Hospital Funding Act, except as provided in that act. History: 1978 Comp., § 4-48B-26, enacted by […]
Section 4-48B-27 – Hospitals declared necessary public buildings.
The legislature declares that hospitals are necessary public buildings with respect to which counties may borrow money for construction, purchase, renovation, remodeling, equipping or re-equipping and acquisition of necessary land. History: 1978 Comp., § 4-48B-27, enacted by Laws 1981, ch. 83, § 27. ANNOTATIONS Cross references. — For power of county commissioners with respect to […]
Section 4-48B-28 – Agreements with the New Mexico hospital equipment loan council; authority; security; restrictions and limitations and other details.
A. A county or counties agreeing jointly under Section 4-48B-9 NMSA 1978 and a county or counties entering into an agreement with a municipality under Section 4-48B-9 NMSA 1978 may enter into a lease, loan or other financing agreement, with a term not exceeding thirty years from the date of execution, with the New Mexico […]
Section 4-48B-29 – Refunding revenue bonds.
The county commissioners may issue refunding bonds for the purpose of refunding any of the revenue bonds issued under the Hospital Funding Act. The board shall adopt an ordinance or resolution stating the facts making the issuance of the refunding bonds necessary or advisable, the determination of the necessity or advisability by the county commissioners […]
Section 4-48B-17 – Governing boards of county hospitals authorized to establish retirement plans and programs for employees of county hospitals.
The hospital governing board of a county hospital and regents of a state educational institution operating a county hospital under a contract approved by the state board of finance may establish retirement plans and programs for employees of a county hospital under their control. In establishing a retirement plan or program for county hospital employees, […]
Section 4-48B-18 – Hospital revenue bonds; authority to issue; pledge of revenues.
A. The counties agreeing jointly under Section 8 [9] [4-48B-9 NMSA 1978] of the Hospital Funding Act and the county or counties entering into an agreement with a municipality under Section 9 of the Hospital Funding Act may issue, separately, revenue bonds pursuant to that act for the purpose of constructing, purchasing, renovating, remodeling, equipping […]
Section 4-48B-19 – Use of proceeds of bond issue.
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. History: 1978 Comp., § 4-48B-19, enacted by Laws 1981, ch. 83, § 19. ANNOTATIONS Constitutionality of use of bond proceeds. — Use of bond moneys for […]
Section 4-48B-20 – Revenue bonds; terms.
Hospital 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 county at such time […]