Indiana Code 16-22-7-17. Leasing land and buildings for hospital
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Terms Used In Indiana Code 16-22-7-17
- authority: means the hospital association created by section 5 of this chapter. See Indiana Code 16-22-7-1
- 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
Sec. 17. The county or city may lease land and buildings from the authority for the city hospital. A lease on the buildings may not be entered into for more than forty (40) years but the lease may be renewed for a like or lesser time.
[Pre-1993 Recodification Citation: 16-12-20.5-10.]
As added by P.L.2-1993, SEC.5.