Section 58-23-12 – Council; duties.
The council shall have the following duties: A. to invest any funds not needed for immediate disbursement, including any funds held in reserve, in direct and general obligations of or obligations fully and unconditionally guaranteed by the United States, obligations issued by agencies of the United States, obligations of this state or any political subdivisions […]
Section 58-23-27 – Bondholders; pledge; agreement of the state.
The state pledges and agrees with the holder of any bonds issued under the Hospital Equipment Loan Act that the state will not alter the rights vested in the council to fulfill the terms of any agreements made with the bondholders or in any way impair the rights or remedies of the holders until the […]
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 58-23-1 – 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 […]