GILA REGIONAL CANCER CENTER BONDS

This bill authorizes the New Mexico Finance Authority to issue revenue bonds totaling up to $11.7 million for cancer center improvements at the Gila Regional Medical Center in Grant County and Nor-Lea General Hospital in Lea County. The funds would cover construction, equipment (like a PET scanner and clean room), and technology upgrades, including an electronic health records system, to enhance cancer treatment services. Local officials must certify the need for bond issuance, and existing funds from the rural county cancer treatment fund may supplement bond proceeds. The bill directly affects these two rural medical facilities and their patients by expanding cancer care infrastructure.