N.M. Stat. § 58-23-2
Legislative findings.
The legislature finds that:
A. the delivery of high-quality health care in New Mexico has in recent years
become increasingly dependent upon sophisticated equipment at a time when the
acquisition and financing of equipment by health-care providers has become
increasingly expensive;
B. the increased costs of financing modern equipment by New Mexico health-care
providers is necessarily passed on to patients receiving medical care from the health-
care providers, resulting in higher medical bills, increased health insurance premiums
and higher medicare and medicaid payments;
C. the problems relating to the delivery of health care cannot be remedied solely
through the operation of private enterprise or efforts by individual communities, but can
be alleviated through the creation of a program to facilitate and enable the investment of
private capital for the purpose of financing health-related equipment at interest rates
lower than those available in the conventional credit markets;
D. the creation of a program to coordinate and cooperate with health-care providers
and local communities is essential to alleviating the problematic conditions relating to
the provision of health care and is in the public interest; and
E. alleviating these conditions by the encouragement of private investment is a
public purpose and a beneficial use for which money provided by the sale of revenue
bonds may be borrowed, expended, advanced, loaned and granted.