Sec. 22. (a) The governing board may lease a part of the hospital buildings if the board determines that the use of the leased premises will aid the hospital in the performance of the hospital’s services. A lease must:

(1) be in writing;

Terms Used In Indiana Code 16-22-3-22

  • Contract: A legal written agreement that becomes binding when signed.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(2) be for definite periods; and

(3) require payment of lease rentals at least monthly.

     (b) If the board enters into a lease or sublease contract with the state authority, the board may pledge as security for payment under the contract the funds that the governing board receives from a tax levy under section 27 of this chapter.

[Pre-1993 Recodification Citation: 16-12.1-3-18.]

As added by P.L.2-1993, SEC.5. Amended by P.L.43-1993, SEC.14.

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