Section 58-23-19 – Security for payment of bonds.
Any bond resolution or related trust agreement, trust indenture, indenture of mortgage or deed of trust may contain provisions, which shall be a part of the contract with the holders of the bonds to be authorized, as to: A. pledging or assigning the revenues generated by the health-related equipment or pledging or assigning the notes […]
Section 58-23-20 – General obligation bonds; payment and security.
Except as may otherwise be provided by the council, every issue of its bonds is a general obligation of the council payable solely out of any revenue or money of the council, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may be additionally secured […]
Section 58-23-21 – Bonds; no obligation of state.
No bonds issued by the council under the Hospital Equipment Loan Act shall constitute a debt, liability or general obligation of this state or a pledge of the faith and credit of this state, but shall be payable solely as provided by Section 58-23-19 NMSA 1978. Each bond issued under the Hospital Equipment Loan Act […]
Section 58-23-22 – Council; pledge; recording of lien not required.
Any pledge made by the council shall be valid and binding from the time when the pledge is made. The revenue, money or properties pledged and later received by the council shall immediately be subject to the lien of such pledge without any further act, and the lien of any such pledge is valid and […]
Section 58-23-8 – Board; quorum.
A majority of the members of the board then serving shall constitute a quorum for the transaction of business. The affirmative vote of at least a majority of a quorum present shall be necessary for any action to be taken by the authority. No vacancy in the membership of the council shall impair the right […]
Section 58-23-9 – Meetings of the board.
The board shall meet at least annually and may meet more often as required by the business of the council. History: Laws 1983, ch. 290, § 9.
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 […]