New Mexico Statutes
Article 23 - Hospital Equipment Loans
Section 58-23-28 - Council expenses; liability of state or political subdivision prohibited.

All expenses incurred by the council in carrying out the provisions of the Hospital Equipment Loan Act shall be payable solely from funds provided under that act.
History: Laws 1983, ch. 290, ยง 28.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 58 - Financial Institutions and Regulations

Article 23 - Hospital Equipment Loans

Section 58-23-1 - Short title.

Section 58-23-2 - Legislative findings.

Section 58-23-3 - Definitions.

Section 58-23-4 - Additional definitions.

Section 58-23-5 - Council; created; members; qualifications; board.

Section 58-23-6 - Council; board of directors; terms and conditions of service.

Section 58-23-7 - Board; expenses.

Section 58-23-8 - Board; quorum.

Section 58-23-9 - Meetings of the board.

Section 58-23-10 - Board; bonding requirements.

Section 58-23-11 - Powers.

Section 58-23-12 - Council; duties.

Section 58-23-13 - Lease and loan agreements with participating health-care providers; insurance; loan and lease payments.

Section 58-23-14 - Optional powers.

Section 58-23-15 - Issuance of bonds.

Section 58-23-16 - Terms of payment and sale of bonds.

Section 58-23-16.1 - Interest rates; refunding; approval by council; findings.

Section 58-23-17 - Use of bond proceeds.

Section 58-23-18 - Bonds secured by trust indenture.

Section 58-23-19 - Security for payment of bonds.

Section 58-23-20 - General obligation bonds; payment and security.

Section 58-23-21 - Bonds; no obligation of state.

Section 58-23-22 - Council; pledge; recording of lien not required.

Section 58-23-23 - Purchase of bonds; cancellation; purchase price.

Section 58-23-24 - Bonds; negotiable instruments.

Section 58-23-25 - Council members; limitation on personal liability.

Section 58-23-26 - Deposit of money.

Section 58-23-27 - Bondholders; pledge; agreement of the state.

Section 58-23-28 - Council expenses; liability of state or political subdivision prohibited.

Section 58-23-29 - Exemption from taxation; assets to state upon dissolution.

Section 58-23-30 - Bonds; legal investments.

Section 58-23-31 - Loan program; annual report; contents; audit.

Section 58-23-32 - Liberal construction.