Indiana Statutes
§ 16-22-3-22 — Leases
(a)The governing board may lease a part of
the hospital buildings if the board determines that the use of the leased
premises will aid the hospital in the performance of the hospital's
services. A lease must:
(1)be in writing;
(2)be for definite periods; and
(3)require payment of lease rentals at least monthly.
(b)If the board enters into a lease or sublease contract with the state
authority, the board may pledge as security for payment under the
contract the funds that the governing board receives from a tax levy
under section 27 of this chapter.
[Pre-1993 Recodification Citation: 16-12.1-3-18.]
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Legislative History
As added by P.L.2-1993, SEC.5. Amended by P.L.43-1993,
SEC.14.
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