§ 16-22-5-16 — Hospital enlargement or remodeling; general obligation bonds

Indiana § 16-22-5-16

• Jurisdiction: Indiana
• Title 16: HEALTH
• Art. 22: COUNTY HOSPITALS
• Ch. 5: Financing Hospital Buildings

Text

After a hospital is established and the
governing board appointed, the county executive may issue and sell
general obligation bonds of the county to finance the costs of or the
enlargement or remodeling of hospital buildings in an amount certified
by the board to the county executive to be necessary for that purpose.
The bonds shall be authorized, issued, and sold in accordance with
laws governing the authorization, issuance, and sale of general
obligation bonds by counties. The county fiscal body shall appropriate
the proceeds of sale of the bonds to the board for the purposes for
which the bonds have been sold. The county budget shall provide for
payment of the bonds and the council shall annually levy a tax
sufficient to produce each year the necessary funds for payment of the
principal and interest on the bonds according to the terms of the bonds.
[Pre-1993 Recodification Citation: 16-12.1-4-6.]

Legislative History

As added by P.L.2-1993, SEC.5.