New Mexico Statutes

§ 4-48A-12 — Board of trustees; issue of bonds

New Mexico § 4-48A-12
JurisdictionNew Mexico
Ch. 4Counties
Art. 48ASpecial Hospital Districts

This text of New Mexico § 4-48A-12 (Board of trustees; issue of bonds) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 4-48A-12 (2026).

Text

A. Upon approval of a majority of the qualified electors voting upon the question, the board of trustees may issue general obligation bonds of the special hospital district for the purposes of:

(1)constructing, acquiring or purchasing a hospital facility for the special hospital district;
(2)equipping, furnishing, remodeling or renovating a hospital facility owned or operated by the special hospital district;
(3)purchasing or acquiring real property deemed necessary to the construction, operation or maintenance of a hospital facility owned or operated by the special hospital district; or (4) refunding outstanding general obligation bonded indebtedness. B. No general obligation bonds of the special hospital district shall be issued which creates a total bonded indebtedness of the special

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Legislative History

1978 Comp., § 4-48A-12, enacted by Laws 1978, ch. 29, § 12.

Nearby Sections

15
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Bluebook (online)
New Mexico § 4-48A-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/4/4-48A-12.