New Mexico Statutes 3-44-6. Hospitals; expenditure of public funds
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The use of public funds for the operation and maintenance of a hospital pursuant to a lease authorized by N.M. Stat. Ann. Chapter 3, Article 44 is deemed to be funding to the hospital as a public institution, and the hospital facility and lessee thereof are subject to the laws of this state regarding the expenditure of public money.
Terms Used In New Mexico Statutes 3-44-6
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC