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 58-23-1 – Short title.
Chapter 58, Article 23 NMSA 1978 may be cited as the “Hospital Equipment Loan Act”. History: Laws 1983, ch. 290, § 1; 1992, ch. 41, § 6. ANNOTATIONS The 1992 amendment, effective May 20, 1992, substituted “Chapter 58, Article 23 NMSA 1978” for “This act”.
Section 58-23-2 – Legislative findings.
The legislature finds that: A. the delivery of high-quality health care in New Mexico has in recent years become increasingly dependent upon sophisticated equipment at a time when the acquisition and financing of equipment by health-care providers has become increasingly expensive; B. the increased costs of financing modern equipment by New Mexico health-care providers is […]
Section 58-23-3 – Definitions.
As used in the Hospital Equipment Loan Act: A. “board” means the board of directors of the council; B. “bonds” means bonds, notes, interim certificates, bond anticipation notes or other evidences of indebtedness of the council issued pursuant to the Hospital Equipment Loan Act, including refunding bonds; C. “cost” as applied to health-related equipment means […]
Section 58-23-4 – Additional definitions.
As used in the Hospital Equipment Loan Act in connection with refinancing, renewing, funding, refunding or paying any bonds, “bonds” also means any bond, note, certificate or other evidence of indebtedness previously issued or incurred by any health facility, municipality, county, special hospital district or other political subdivision to refinance, finance or aid in financing […]
Section 58-23-5 – Council; created; members; qualifications; board.
A. There is created a public body politic and corporate, separate and apart from the state, constituting a governmental instrumentality to be known as the “New Mexico hospital equipment loan council” for the performance of essential public functions. B. The council shall be governed by a board of directors consisting of five members. The governor, […]
Section 58-23-6 – Council; board of directors; terms and conditions of service.
A. The members of the board shall be appointed for staggered terms of four or fewer years each so that the term of at least one member expires on January 1 of each year. Each member shall hold office for the term of his appointment and until his successor has been appointed and qualified. Any […]