GILA REGIONAL CANCER CENTER BONDS

HB 275 authorizes the New Mexico Finance Authority to issue revenue bonds totaling up to $5.7 million to fund cancer center improvements at the Gila Regional Medical Center in Grant County and Nor-Lea General Hospital in Lea County. The bonds will finance specific projects including facility upgrades, equipment purchases (like PET scanners), electronic health records systems, and chemotherapy clean rooms. Local officials from Grant County and the Nor-Lea hospital district must certify the need for funding before bonds can be issued, with proceeds directed to the medical centers for these designated purposes. The bill focuses on direct infrastructure and equipment investments for cancer treatment services in two rural New Mexico counties.