NM HB275

New Mexico Finance Authority authorized to issue up to $5,735,316 in revenue bonds for the Gila Regional Cancer Center at Gila Regional Medical Center in Grant County

Funds may be used to purchase equipment, computer hardware and software, and renovate rooms at the regional cancer treatment center

Bond issuance requires certification of need from the chair of the Gila Regional Medical Center board of trustees

Excess balances in the rural county cancer treatment fund may be used in lieu of issuing bonds, with combined funding not to exceed $5,735,316

Bonds secured by cigarette tax proceeds and may have terms not exceeding twenty years