§ 16-22-7-37 — Tax levy for lease rental payments

Indiana § 16-22-7-37

• Jurisdiction: Indiana
• Title 16: HEALTH
• Art. 22: COUNTY HOSPITALS
• Ch. 7: Hospital Building Authorities in County With Hospital

Text

(a) The county fiscal body shall annually
levy a tax sufficient to produce funds that, with other funds available,
are sufficient to pay the lease rental provided to be paid from taxes.
(b) If the lease rental is payable from taxes, net revenues of the
hospital of which the leased buildings are a part that are not required
to be kept in reserve for additional construction, equipment,
betterment, maintenance, or operation shall be transferred to a fund for
the payment of the lease rental. To the extent that the transferred funds
are insufficient to pay the lease rental, cumulative building funds
reserved for lease rental payable from taxes under section 20 of this
chapter shall be transferred.
(c) In fixing and determining the necessary levy to pay lease rentals
payable from taxes, the county council shall consider the amounts
transferred from the net revenues of the hospital and may appropriate
and pay funds from any available sources, including revenues derived
under IC 6-3.6. This subsection does not relieve the county from the
obligation to pay from taxes any lease rental payable from taxes if other
funds are not available. The tax levies are reviewable by other bodies
vested by law with the authority to ascertain that the levies are
sufficient to meet the rental under the lease contract that is payable
from taxes. The lease rental shall be paid semiannually to the authority.
(d) A lease by the authority to the county may not provide for rentals
payable from the levy of a tax by a county unless the lease is approved
by a majority vote of the county fiscal body.
[Pre-1993 Recodification Citation: 16-12-20.5-22.]

Legislative History

As added by P.L.2-1993, SEC.5. Amended by P.L.197-2016, SEC.115.