New Mexico Code § 4-48A-24

Revenue bonds not general obligations of special hospital district
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hospital district.
Revenue bonds issued by a special hospital district under the authority of the
Special Hospital District Act shall not be construed or held to be general obligations of
such special hospital district or the counties in which the special hospital district is
located and shall be collectible only out of all or a portion of the revenues derived from
the ownership and operation of a hospital facility and the revenues derived from the
leasing of or other contractual arrangement for the operation of a hospital facility which
revenue is so pledged, and each of the bonds of any issue or revenue bonds so issued
shall recite on its face that it is payable and collectible solely from the pledged revenues
hereinbefore mentioned and that the holders hereof may not look to any general or
other fund for the payment of principal or interest of such obligations.
History: 1978 Comp., § 4-48A-24, enacted by Laws 1981, ch. 84, § 15.

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