Indiana Code 16-22-7-18. Time for making leases
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Terms Used In Indiana Code 16-22-7-18
- 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. 18. The county or city may, in anticipation of the construction and erection of buildings, including necessary equipment and appurtenances, enter into a lease with the authority before the acquisition of a site and the construction and erection of the buildings. Rental payments under the lease may not begin until construction is completed and the building is ready for occupancy.
[Pre-1993 Recodification Citation: 16-12-20.5-11.]
As added by P.L.2-1993, SEC.5.