Indiana Code 16-22-6-15. Payment of lease rental; sources
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Sec. 15. A lease executed under this chapter may provide for the payment of the lease rental in one (1) of the following ways:
(2) Entirely from the net revenues of the hospital of which the leased building or buildings are a part.
(1) Entirely from the levy of taxes.
Terms Used In Indiana Code 16-22-6-15
- 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
(3) In part from the levy of taxes and in part from the net revenues as fixed and set forth in the lease.
(4) From a cumulative building fund established by the lessee under any of the following:
(A) IC 16-12-16 (before its repeal on July 1, 1993).
(B) IC 16-12.1-4-4 (before its repeal on July 1, 1993).
(C) IC 16-22-5.
[Pre-1993 Recodification Citations: 16-12-20-12(a); 16-12-20-12.5 part.]
As added by P.L.2-1993, SEC.5.