Section 58-23-29 – Exemption from taxation; assets to state upon dissolution.
A. All property acquired or held by the council under the Hospital Equipment Loan Act, income therefrom and bonds issued under the Hospital Equipment Loan Act, plus the interest payable and income derived from the bonds, shall be exempt from taxation by the state or any subdivision thereof. Upon dissolution of the council, its assets, […]
Section 58-23-30 – Bonds; legal investments.
The bonds issued under the authority of the Hospital Equipment Loan Act shall be legal investments in which all public officers or public bodies of this state, insurance companies, banks and savings and loan associations, organized under the laws of this state, may invest funds. History: Laws 1983, ch. 290, § 30.
Section 58-23-31 – Loan program; annual report; contents; audit.
The council shall, following the close of each fiscal year, submit an annual report of its activities for the preceding year to the governor and to the legislative finance committee. Each member of the legislature may receive a copy of such report by requesting a copy from the chairman of the council. Each report shall […]
Section 58-23-32 – Liberal construction.
The Hospital Equipment Loan Act shall be liberally construed to accomplish its purposes. History: Laws 1983, ch. 290, § 32.
Section 58-23-13 – Lease and loan agreements with participating health-care providers; insurance; loan and lease payments.
In addition to its other powers and duties, the council is specifically authorized to initiate a program of financing, refinancing or reimbursing the cost of health-related equipment to be operated by participating health facilities. In this regard, the council is authorized to exercise the following powers: A. to establish eligibility standards for participating health facilities; […]
Section 58-23-28 – Council expenses; liability of state or political subdivision prohibited.
All expenses incurred by the council in carrying out the provisions of the Hospital Equipment Loan Act shall be payable solely from funds provided under that act. History: Laws 1983, ch. 290, § 28.
Section 58-23-14 – Optional powers.
Prior to the exercise of any of the powers conferred by Section 13 [58-23-13 NMSA 1978] of the Hospital Equipment Loan Act, the council may: A. require that the lease or installment purchase contract or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor or be secured by a […]
Section 58-23-15 – Issuance of bonds.
The council is authorized to issue, sell and deliver its bonds, in accordance with the terms of the Hospital Equipment Loan Act, for the purpose of paying for or making loans to participating health facilities, banks, savings and loan associations and other entities for the financing or refinancing of all or any part of the […]
Section 58-23-16 – Terms of payment and sale of bonds.
A. The bonds shall be dated, shall bear interest at such rate or rates, fixed or variable, shall mature at such time or times not exceeding twenty years, or not to exceed thirty years if the council determines bonds are necessary in connection with the acquisition, lease, fabrication, repair, restoration, reconditioning, refinancing or installation of […]
Section 58-23-16.1 – Interest rates; refunding; approval by council; findings.
Bonds issued under the Hospital Equipment Loan Act are not subject to any limitations on interest rates or net effective interest rates or interest rate approval requirements contained in any other laws of the state, provided that: A. the bond resolution or other instruments under which such bonds are issued shall contain findings by the […]