Indiana § 16-22-3-27.5 Payment of lease or loan from taxes

Indiana Statutes

§ 16-22-3-27.5 — Payment of lease or loan from taxes

Indiana § 16-22-3-27.5

Title 16HEALTH

Art. 22COUNTY HOSPITALS

Ch. 3Powers of Hospital Governing Boards

This text of Indiana § 16-22-3-27.5 (Payment of lease or loan from taxes) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 16-22-3-27.5 (2026).

Text

5.

(a)This section applies in a county when:

(1)the board has authorized the hospital to enter into a lease or sublease contract or a loan agreement with the state authority under this chapter; and

(2)the lease or sublease contract or the loan agreement provides that a portion of the lease or loan payment is to be paid from taxes.

(b)The county council or the city-county council in the case of a county with a consolidated city shall annually levy a tax that is sufficient to produce each year along with other available funds an amount that is sufficient to pay the portion of the lease or loan payment that is required to be paid from taxes.

(c)The board shall transfer the following to a fund to be used to pay the portion of the lease or loan payment that is not required to be paid from

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5. (a) This section applies in a county
when:
(1) the board has authorized the hospital to enter into a lease or
sublease contract or a loan agreement with the state authority
under this chapter; and
(2) the lease or sublease contract or the loan agreement provides
that a portion of the lease or loan payment is to be paid from
taxes.
(b) The county council or the city-county council in the case of a
county with a consolidated city shall annually levy a tax that is
sufficient to produce each year along with other available funds an
amount that is sufficient to pay the portion of the lease or loan payment
that is required to be paid from taxes.
(c) The board shall transfer the following to a fund to be used to pay
the portion of the lease or loan payment that is not required to be paid
from taxes:
(1) Any net revenue of the hospital that is required to be used for
the lease or loan payment.
(2) Any net revenue of the hospital that is required to be retained
as a reserve for a purpose that the board determines if the board
determines that the money is not needed in reserve for additional
construction, equipment, betterment, maintenance, or operation.
(d) In fixing and determining the levy that is necessary for the lease
or loan payment that is payable from taxes, the county council shall
consider the amounts that have been transferred from the net revenues
of the hospital under subsection (c).
(e) If funds other than taxes are not available to pay the portion of
the lease or loan payment that is required to come from taxes, a county
is not relieved from the county's obligation to pay from taxes any lease
or loan payment that is payable from taxes.
(f) The tax levy provided in this section is reviewable in the manner
that other tax levies are reviewable to ascertain that the levy is
sufficient to produce the amount of the lease or loan payment that is
required to be paid from taxes.
(g) One-half (1/2) of the annual lease or loan payment shall be paid
semiannually to the state authority after the semiannual settlement of
tax collections.