Section 58-23-17 – Use of bond proceeds.
The proceeds of the bonds of each issue shall not be used other than to pay, renew or refund bonds or to pay all or part of the cost of financing, refinancing or reimbursing health-related equipment or to make loans to participating health facilities, banks, savings and loan associations or other entities in order to […]
Section 58-23-18 – Bonds secured by trust indenture.
The bonds may be secured by a trust indenture between the council and a corporate trustee which may be either a bank having the power of a trust company or a trust company. Such trust indenture may contain reasonable provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants setting forth […]
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 58-23-6 – 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 […]
Section 58-23-7 – Board; expenses.
The members of the board shall receive no compensation for their services but shall receive reimbursement for actual and necessary expenses at the same rate and basis as provided in the Per Diem and Mileage Act [10-8-1 to 10-8-8 NMSA 1978]. History: Laws 1983, ch. 290, § 7.
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 […]