§ 16-22-7-14 — Preliminary expenses

(a) All necessary preliminary expenses
actually incurred by the governing board to make surveys, prepare
estimates of cost and receipts, employ architects, engineers, attorneys,
or other consultants, give notices, take options, and all other expenses
necessary to be paid before the issue and delivery of bonds under this
chapter may be paid by the:
(1) city hospital or city, from funds on hand or derived from taxes
levied that may be appropriated for that purpose; or
(2) board of trustees or board of managers of the hospital from
revenues available for such purposes.
(b) The city or the governing board of the hospital from which the
payments are made shall be fully reimbursed by the governing board
out of the first proceeds of the sale of bonds by the authority before any
other disbursements are made.
[Pre-1993 Recodification Citation: 16-12-20.5-8.]

Legislative History

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