Gila Regional Cancer Center Bonds

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Plain-English Summary

This bill allows the New Mexico Finance Authority to issue and sell revenue bonds to fund improvements and equipment for the Gila Regional Cancer Center at the Gila Regional Medical Center in Grant County. It authorizes up to $5,735,316 for these purposes, including purchasing equipment, computer hardware and software, and renovating rooms. The bill also specifies that cigarette tax proceeds will be used to repay these bonds.

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