Indiana § 16-22-6-11 Preliminary expenses

Indiana Statutes

§ 16-22-6-11 — Preliminary expenses

Indiana·Title 16 HEALTH·Art. 22 COUNTY HOSPITALS·Ch. 6 County Hospital Building Authorities

(a)All necessary preliminary expenses actually incurred by the governing board to make surveys, prepare estimates of costs and receipts, employ architects, engineers, attorneys, or other consultants, give notices, take options, and all other expenses that must be paid before the issue and delivery of bonds under this chapter may be paid by the county from funds on hand or derived from taxes levied that may be appropriated for that purpose or by the governing board of the hospital from revenues available for that purpose.

(b)The county or the governing board of the hospital shall be reimbursed for the preliminary expenses described under subsection (a) by the governing board of the authority out of the first proceeds of the sale of bonds by the authority provided for in this chapter and b

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(a) All necessary preliminary expenses
actually incurred by the governing board to make surveys, prepare
estimates of costs and receipts, employ architects, engineers, attorneys,
or other consultants, give notices, take options, and all other expenses
that must be paid before the issue and delivery of bonds under this
chapter may be paid by the county from funds on hand or derived from
taxes levied that may be appropriated for that purpose or by the
governing board of the hospital from revenues available for that
purpose.
(b) The county or the governing board of the hospital shall be
reimbursed for the preliminary expenses described under subsection (a)
by the governing board of the authority out of the first proceeds of the
sale of bonds by the authority provided for in this chapter and before
any other disbursements are made.
[Pre-1993 Recodification Citation: 16-12-20-8.]

Indiana § 16-22-6-11 (Preliminary expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.