2017 New Mexico Statutes
Chapter 27 - Public Assistance
Article 5 - Indigent Hospital and County Health Care
Section 27-5-6.2 - Transfer to safety net care pool fund.
27-5-6.2. Transfer to safety net care pool fund.
A. A county shall, by ordinance to be effective July 1, 2014, dedicate to the safety net care pool fund an amount equal to a gross receipts tax rate of one-twelfth percent applied to the taxable gross receipts reported during the prior fiscal year by persons engaging in business in the county. For purposes of this subsection, a county may use public funds from any existing authorized revenue source of the county.
B. A county enacting an ordinance pursuant to Subsection A of this section shall transfer to the safety net care pool fund by the last day of March, June, September and December of each year an amount equal to one-fourth of the county's payment to the safety net care pool fund.
History: Laws 2014, ch. 79, 16.