New Mexico § 58-23-14 Optional powers

New Mexico Statutes

§ 58-23-14 — Optional powers

New Mexico § 58-23-14

Ch. 58Financial Institutions and Regulations

Art. 23Hospital Equipment Loans

This text of New Mexico § 58-23-14 (Optional powers) 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. § 58-23-14 (2026).

Text

Prior to the exercise of any of the powers conferred by Section 13 [58-23-13 NMSA 1978] of the Hospital Equipment Loan Act, the council may: A. require that the lease or installment purchase contract or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor or be secured by a letter of credit; or B. require any other type of security from the participating health facilities or banks, savings and loan associations or other entities that it deems reasonable and necessary.

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Prior to the exercise of any of the powers conferred by Section 13 [58-23-13 NMSA 1978] of the Hospital Equipment Loan Act, the council may: A. require that the lease or installment purchase contract or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor or be secured by a letter of credit; or B. require any other type of security from the participating health facilities or banks, savings and loan associations or other entities that it deems reasonable and necessary.