The "rural county cancer treatment fund" is created in the New Mexico finance authority. The fund is composed of appropriations, donations, distributions pursuant to Section 7-1-6.11 NMSA 1978 and money earned from investment of the fund and otherwise accruing to the fund. Money in the fund is appropriated to the New Mexico finance authority to provide a revenue stream to finance the design, construction, equipping and furnishing of additions and improvements to cancer treatment facilities in class B counties. Balances remaining in the fund at the end of a fiscal year shall not revert. The New Mexico finance authority shall administer the fund, and money from the fund may be drawn only on warrants signed by the executive director of the New Mexico finance authority pursuant to vouchers signed by the chief financial officer or the officer's authorized representative.

History: Laws 2006, ch. 89, § 4; 2013, ch. 14, § 2.

The 2013 amendment, effective June 14, 2013, authorized the use of funds to finance the design, equipping and furnishing of additions and improvements to cancer treatment facilities in class B counties; in the third sentence, after "to finance the", added "design" and after "construction", deleted "of" and added "equipping and furnishing of additions and improvements"; and in the fifth the sentence, after "pursuant to vouchers signed by the", deleted "executive director" and added "chief financial officer or the officer's authorized representative".

Bond authorization. — Laws 2013, ch. 14, § 1, effective June 14, 2013, amended Laws 2006, ch. 89, § 1, as amended by Laws 2007, ch. 215, § 1, to authorize the New Mexico finance authority to issue revenue bonds for the regional cancer treatment center at the Gila regional medical center in Grant county and the Nor-Lea General Hospital in Lea county.

Laws 2008, ch. 60, § 1, effective May 14, 2008, amended Laws 2006, ch. 89, § 1, as amended by Laws 2007, ch. 215, § 1, to authorize the New Mexico finance authority to issue additional revenue bonds for the regional cancer treatment center at the Nor-Lea General Hospital in Lea county.

Laws 2007, ch. 215, § 1, amended laws 2006, ch. 89, §1, to increase the authorization to sell revenue bonds for the cancer treatment center at the Gila regional medical center from $2,500,000 to $3,000,000.

Laws 2006, ch. 89, §1, effective May 17, 2006, authorized the New Mexico finance authority to issue and sell revenue bonds for the propose of designing, constructing, equipping and furnishing additions and improvements to a regional cancer treatment center at the Gila regional medical center in Grant county and subsequently rural cancer treatment facilities in class B counties.