Bill > SB197

This bill modifies New Mexico's laws regarding emergency medical services (EMS) funding and revenue bonds, primarily focusing on how money in the Emergency Medical Services Fund can be used. Specifically, the bill allows the state treasurer to redirect fund distributions to the New Mexico Finance Authority to make loans for purchasing equipment and vehicles for EMS system improvement projects. The bill amends existing statutes to clarify that municipalities and counties can issue emergency medical services bonds for purchasing equipment or vehicles for EMS improvement projects, with the ability to pledge revenues from the emergency medical services fund to repay these bonds. The legislation also updates definitions related to revenue bonds and provides that these changes will take effect on July 1, 2025. Additionally, the bill repeals a previous law to reconcile multiple amendments to the relevant section of law. The changes are designed to provide more flexibility for local governments in financing emergency medical services infrastructure and equipment, potentially making it easier for municipalities and counties to upgrade and improve their EMS capabilities through loan mechanisms and targeted bond issuances.

Budget and Finance, Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=197&year=25