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-SENATE BILL 190
-57TH LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 2026
-INTRODUCED BY
-Gabriel Ramos and Crystal Brantley and Luis M. Terrazas
-AN ACT
-RELATING TO FINANCE; AUTHORIZING THE NEW MEXICO FINANCE
-AUTHORITY TO ISSUE AND SELL REVENUE BONDS FOR THE GILA REGIONAL
-CANCER CENTER AT THE GILA REGIONAL MEDICAL CENTER; MAKING AN
-APPROPRIATION.
-BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
-SECTION 1.  Laws 2006, Chapter 89, Section 1, as amended
-by Laws 2007, Chapter 215, Section 1, Laws 2008, Chapter 60,
-Section 1, Laws 2013, Chapter 14, Section 1 and Laws 2019,
-Chapter 204, Section 1, is compiled in the New Mexico Finance
-Authority Act and is amended to read:
-"[TEMPORARY PROVISION--NEW MEXICO FINANCE
-] AUTHORITY
-REVENUE BONDS--[PURPOSE--APPROPRIATION] AUTHORIZED--GILA
-REGIONAL MEDICAL CENTER AND NOR-LEA GENERAL HOSPITAL.--
-A.  The [New Mexico finance] authority may issue and
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-sell revenue bonds in compliance with the New Mexico Finance
-Authority Act for a term not exceeding twenty years in an
-amount not exceeding three million dollars ($3,000,000) for the
-purpose of designing, constructing, equipping and furnishing
-additions and improvements to a regional cancer treatment
-center at the Gila regional medical center in Grant county.
-The authority may issue and sell revenue bonds authorized by
-this subsection when the chair of the board of county
-commissioners of Grant county certifies the need for issuance
-of the bonds.  The net proceeds from the sale of the bonds are
-appropriated to the local government division of the department
-of finance and administration for the purposes described in
-this subsection.
-B.  After the bonds have been issued pursuant to
-Subsection A of this section, the [New Mexico finance
-]
-authority may issue and sell revenue bonds in compliance with
-the New Mexico Finance Authority Act for a term not exceeding
-twenty years in an amount not exceeding one million five
-hundred thousand dollars ($1,500,000) for the purpose of
-designing, constructing, equipping and furnishing additions and
-improvements to a regional cancer treatment center at the
-Nor-Lea general hospital in Lea county.  The authority may
-issue and sell revenue bonds authorized by this subsection when
-the chair of the board of trustees of the Nor-Lea special
-hospital district certifies the need for issuance of the bonds;
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-provided that, if the authority determines that excess balances
-exist in the rural county cancer treatment fund above the
-amount needed to service outstanding bonds, then, in lieu of
-issuing all or a portion of the bonds, the excess balances may
-be used for the cancer treatment center funded pursuant to this
-subsection, but the total of excess balances and bond proceeds
-shall not exceed one million five hundred thousand dollars
-($1,500,000).  The net proceeds from the sale of the bonds and
-any excess balances are appropriated to the local government
-division of the department of finance and administration for
-the purposes described in this subsection.
-C.  After the bonds have been issued pursuant to
-Subsections A and B of this section, the [New Mexico finance
-]
-authority may issue and sell revenue bonds in compliance with
-the New Mexico Finance Authority Act for a term not exceeding
-twenty years in an amount not exceeding three million dollars
-($3,000,000) as follows:
-(1)  not to exceed two million two hundred
-fifty thousand dollars ($2,250,000) to design, construct, equip
-and furnish additions and improvements to a regional cancer
-treatment center at the Gila regional medical center in Grant
-county; and
-(2)  not to exceed seven hundred fifty thousand
-dollars ($750,000) to design, construct, equip and furnish
-additions and improvements to Nor-Lea general hospital in Lea
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-county.
-D.  After the bonds have been issued pursuant to
-Subsections A, B and C of this section, the [New Mexico
-finance] authority may issue and sell revenue bonds in
-compliance with the New Mexico Finance Authority Act for a term
-not exceeding twenty years in an amount not exceeding one
-million two hundred fifty thousand dollars ($1,250,000) for the
-following purposes at the regional cancer treatment center at
-the Gila regional medical center in Grant county:  for the
-purchase of computer hardware, servers, cabling, software
-licenses and related services necessary for implementation and
-maintenance of an electronic health records system, cancer
-patient treatment, regulatory compliance and reporting; to
-design, construct, renovate, equip and furnish additions and
-improvements of the chemotherapy intravenous preparation clean
-room; for the purchase of a positron emission tomography
-scanner; or to prepay any loan made by the authority from the
-public project revolving fund to or for the benefit of the Gila
-regional medical center for the purposes authorized by this
-subsection.
-E.  The authority may issue and sell revenue bonds
-authorized by Subsection C of this section when the boards of
-trustees of the Gila regional medical center and the Nor-Lea
-special hospital district certify the need for the issuance of
-the bonds.  If the authority determines that there are balances
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-in the rural county cancer treatment fund in excess of the
-amount needed to service outstanding bonds, the authority may
-use those balances in lieu of issuing all or a portion of the
-bonds authorized in Subsection C of this section, but the total
-of funding from bonds and balances shall not exceed three
-million dollars ($3,000,000).  The net proceeds from the sale
-of bonds and any excess balances are appropriated to the local
-government division of the department of finance and
-administration for the purposes described in Subsection B of
-this section.
-F.  The authority may issue and sell revenue bonds
-authorized by Subsection D of this section when the chair of
-the board of trustees of the Gila regional medical center
-certifies the need for issuance of the bonds.  If the authority
-determines there are balances in the rural county cancer
-treatment fund in excess of the amount needed to service
-outstanding bonds, the authority may use those balances in lieu
-of issuing all or a portion of the bonds authorized in
-Subsection D of this section, but the total of excess balances
-and bond proceeds shall not exceed one million two hundred
-fifty thousand dollars ($1,250,000).  The net proceeds from the
-sale of the bonds and any excess balances are appropriated to
-the authority for the purposes described in this subsection.
-G.  After the bonds have been issued pursuant to
-Subsections A through D of this section, the authority may
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-issue and sell revenue bonds in compliance with the New Mexico
-Finance Authority Act for a term not exceeding twenty years in
-an amount not exceeding five million seven hundred thirty-five
-thousand three hundred sixteen dollars ($5,735,316) for the
-regional cancer treatment center at the Gila regional medical
-center in Grant county for the purchase of equipment, computer
-hardware and software and to renovate rooms in the medical
-center.
-H.  The authority may issue and sell revenue bonds
-authorized by Subsection G of this section when the chair of
-the board of trustees of the Gila regional medical center
-certifies the need for issuance of the bonds.  If the authority
-determines that there are balances in the rural county cancer
-treatment fund in excess of the amount needed to service
-outstanding bonds, the authority may use those balances in lieu
-of issuing all or a portion of the bonds authorized in
-Subsection G of this section, but the total of excess balances
-and bond proceeds shall not exceed five million seven hundred
-thirty-five thousand three hundred sixteen dollars
-($5,735,316).  The net proceeds from the sale of the bonds and
-any excess balances are appropriated to the authority for the
-purposes described in this subsection.
-[G.] I.  The cigarette tax proceeds distributed to
-the authority pursuant to Subsection E of Section 7-1-6.11 NMSA
-1978 shall be pledged irrevocably for the payment of the
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-principal, interest, premiums and related expenses on the bonds
-and for payment of the expenses incurred by the authority
-related to the issuance, sale and administration of the bonds.
-[H.
-] J.  The cigarette tax proceeds distributed to
-the authority pursuant to Subsection E of Section 7-1-6.11 NMSA
-1978 shall be deposited each month in a separate fund or
-account of the authority.
-[I.
-] K.  Upon payment of all principal, interest and
-other expenses or obligations related to the bonds, the
-authority shall certify to the secretary of taxation and
-revenue that all obligations for the bonds issued pursuant to
-this section have been fully discharged and shall direct the
-secretary of taxation and revenue to cease distributing
-cigarette tax proceeds to the authority pursuant to Subsection
-E of Section 7-1-6.11 NMSA 1978 and to distribute those
-cigarette tax proceeds to the general fund.
-[J.
-] L.  Any law authorizing the imposition,
-collection or distribution of the cigarette tax or that affects
-the cigarette tax shall not be amended, repealed or otherwise
-directly or indirectly modified so as to impair or reduce debt
-service coverage for any outstanding revenue bonds that may be
-secured by a pledge of those cigarette tax revenues, unless the
-revenue bonds have been discharged in full or provisions have
-been made for a full discharge.
-[K.
-] M.  The authority may additionally secure the
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-revenue bonds issued pursuant to this section by a pledge of
-money in the public project revolving fund with a lien priority
-on the money in the public project revolving fund as determined
-by the authority.
-[L.
-] N.  The authority may purchase revenue bonds
-issued pursuant to this section with money in the public
-project revolving fund pursuant to the provisions of Section
-6-21-6 NMSA 1978."
-- 8 -
-.232888.1
+FIFTY-SEVENTH LEGISLATURE SB 190/a
+SECOND SESSION, 2026
+February 5, 2026
+Mr. President:
+Your TAX, BUSINESS AND TRANSPORTATION COMMITTEE, to
+whom has been referred
+     SENATE BILL 190
+has had it under consideration and reports same with recommendation
+that it DO PASS, amended as follows:
+1.  On page 3, line 16, strike "twenty" and insert in lieu
+thereof "thirty".
+2.  On page 4, line 6, strike "twenty" and insert in lieu
+thereof "thirty".
+3.  On page 6, line 2, strike "twenty" and insert in lieu
+thereof "thirty".,
+and thence referred to the FINANCE COMMITTEE.
+Respectfully submitted,
+___________________________________
+Senator Carrie Hamblen, Chair
+Adopted_______________________ Not Adopted_______________________
+          (Chief Clerk)                          (Chief Clerk)
+                  Date ________________________
+The roll call vote was  8 For  0  Against
+FIFTY-SEVENTH LEGISLATURE
+SECOND SESSION, 2026
+STBTC/SB 190 Page 2
+Yes:  Berghmans, Figueroa, Hamblen, Jaramillo, O'Malley, Ramos,
+ Sanchez, Wilson
+No:  0
+Excused:  Sharer, Wirth
+Absent:  None
+SB0190CT1.wpd .233857.1