New Mexico Statutes Chapter 4. Counties § 4-48A-20. Hospital revenue bonds; authority to issue; pledge of revenues

A. A special hospital district may issue revenue bonds pursuant to the Special Hospital District Act for the purposes of:

B. 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.

C. 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.