New Mexico § 4-48A-20 Hospital revenue bonds; authority to issue; pledge of

New Mexico Statutes

§ 4-48A-20 — Hospital revenue bonds; authority to issue; pledge of

New Mexico § 4-48A-20

Ch. 4Counties

Art. 48ASpecial Hospital Districts

This text of New Mexico § 4-48A-20 (Hospital revenue bonds; authority to issue; pledge of) 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-20 (2026).

Text

revenues. A. A special hospital district may issue revenue bonds pursuant to the Special Hospital District Act 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; or (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. B. The special hospital district may pledge irrevocably all or a portion of the revenues derived from the ownership and operation of a hospital facility and revenues derived from the leasing of or other contractual arrangement for the operation of a hospital facil

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revenues. A. A special hospital district may issue revenue bonds pursuant to the Special Hospital District Act 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; or (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. B. The special hospital district may pledge irrevocably all or a portion of the revenues derived from the ownership and operation of a hospital facility and revenues derived from the leasing of or other contractual arrangement for the operation of a hospital facility for the payment of principal of and interest on such revenue bonds. C. For the purpose of the Special Hospital District Act, "equipping" or "re-equipping" means the purchase or lease of property of a character subject to the allowance for depreciation under the Internal Revenue Code of 1954 § 167 and regulations promulgated thereunder, as amended.