Revenue bonds issued by a special hospital district under the authority of the Special Hospital District Act shall not be construed or held to be general obligations of such special hospital district or the counties in which the special hospital district is located and shall be collectible only out of all or a portion of the revenues derived from the ownership and operation of a hospital facility and the revenues derived from the leasing of or other contractual arrangement for the operation of a hospital facility which revenue is so pledged, and each of the bonds of any issue or revenue bonds so issued shall recite on its face that it is payable and collectible solely from the pledged revenues hereinbefore mentioned and that the holders hereof may not look to any general or other fund for the payment of principal or interest of such obligations.
History: 1978 Comp., § 4-48A-24, enacted by Laws 1981, ch. 84, § 15.
Structure New Mexico Statutes
Article 48A - Special Hospital Districts
Section 4-48A-1 - Short title.
Section 4-48A-2 - Definitions.
Section 4-48A-3.1 - Artesia special hospital district.
Section 4-48A-3.2 - Nor-Lea special hospital district.
Section 4-48A-3.3 - Jal special hospital district.
Section 4-48A-4 - Formation of special hospital district; petition.
Section 4-48A-5 - Formation of special hospital district; election.
Section 4-48A-5.1 - Voting in certain special hospital districts after formation.
Section 4-48A-6 - Board of trustees; terms; vacancies; removal.
Section 4-48A-7 - Board of trustees; qualifications; automatic removal.
Section 4-48A-8 - Board of trustees; organization; bond.
Section 4-48A-9 - Board of trustees; powers.
Section 4-48A-10 - Board of trustees; duties.
Section 4-48A-11 - Board of trustees; acquisition of existing hospital facilities; agreements.
Section 4-48A-12 - Board of trustees; issue of bonds.
Section 4-48A-13 - Bonds; form; interest; maturities.
Section 4-48A-14 - Imposition of tax for payment of bonds.
Section 4-48A-15 - Refunding bonds.
Section 4-48A-16 - Special tax imposed for special hospital district.
Section 4-48A-17 - Election procedures.
Section 4-48A-18 - Dissolution of the special hospital district.
Section 4-48A-20 - Hospital revenue bonds; authority to issue; pledge of revenues.
Section 4-48A-21 - Use of proceeds of bond issue.
Section 4-48A-22 - Revenue bonds; terms.
Section 4-48A-23 - Resolution authorizing revenue bonds.
Section 4-48A-24 - Revenue bonds not general obligations of special hospital district.
Section 4-48A-25 - Revenue bonds; security.
Section 4-48A-26 - Revenue bonds; exemption from taxation.
Section 4-48A-27 - Election not required.