{"data":{"id":"us-nm/4-48a-20","jurisdiction":"us-nm","citation":"4-48A-20","heading":"Hospital revenue bonds; authority to issue; pledge of revenues.","body":"A. A special hospital district may issue revenue bonds pursuant to the Special Hospital District Act for the purposes of:\n(1) constructing, acquiring or purchasing a hospital facility for the special hospital district;\n(2) equipping, furnishing, remodeling or renovating a hospital facility owned or operated by the special hospital district; or\n(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.\nB. 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.\nC. 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.","path":["Chapter 4 - Counties","ARTICLE 48A Special Hospital Districts"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18505/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"89910fabe03efc5cbb094f5f2b349581615970804f17c17e3221745d3302b66c","source_id":"us-nm","stale":false,"prev":"us-nm/4-48a-19","next":"us-nm/4-48a-21"},"notice":"GroundRules: Original legal text. Not legal advice."}