PC Endorses Hospital Loan

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In a majority vote Wednesday, March 23, with representatives from the village of Williamsburg abstaining, members of Sierra Vista Hospital’s (SVH) Joint Powers Commission (JPC) approved a motion directing the facility’s administration to proceed with acquisition of a New Mexico Finance Authority (NMFA) loan and with plans to construct a new hospital complex.
The measure also endorsed a revision to a Joint Powers Agreement (JPA) between the JPC’s municipal partners, affirming that gross receipt tax (GRT) revenues already supporting SVH would now be directed toward repayment of the NMFA loan…