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Committee approves amended bond authority to replace Gila Regional's linear accelerator
Summary
The committee adopted an amendment extending allowable bond terms from 20 to 30 years and gave HB275 a "do pass" recommendation; witnesses said replacing the hospital's linear accelerator is critical for cancer care in Southwest New Mexico.
What the bill does: House Bill 2 75 authorizes the New Mexico Finance Authority to issue revenue bonds to support capital improvements at Gila Regional Medical Center's cancer treatment center, specifically to replace an aging linear accelerator that is due to reach end of life in May.
Agency rationale and amendment: Marquita Russell, CEO of the New Mexico…
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