§ 16-22-3-3 — Lease of property

(a) The governing board may lease real or
personal property, with or without an option to purchase, on reasonable
terms and conditions. If a lease agreement gives the hospital an option
to purchase the property and if any part of the lease rental is to be
applied on the purchase price if the option is exercised, the agreement
shall be treated as a purchase and is subject to this chapter and other
Indiana laws relating to purchases by county hospitals.
(b) The governing board may authorize the purchase or lease of a
hospital building from the Indiana finance authority established by IC 5-1.2-3.
[Pre-1993 Recodification Citations: 16-12.1-4-3;
16-12.1-4-5.]

Legislative History

As added by P.L.2-1993, SEC.5. Amended by P.L.43-1993, SEC.19; P.L.189-2018, SEC.142.