Section 4-48B-2 - Purpose of act.
4-48B-2. Purpose of act.
The purpose of the Hospital Funding Act [Chapter 4, Article 48B NMSA 1978] is:
A. to encourage and enable counties and other political subdivisions to provide appropriate and adequate hospital facilities for the sick of the counties;
B. to provide flexibility in financing construction, operation and maintenance of necessary hospital facilities; and
C. to minimize the cost of constructing new hospital facilities and maintaining adequate hospital facilities in all geographic areas of the state.