Sec. 33. “Health facility property”, for purposes of IC 5-1.2-7, means any tangible or intangible property or asset owned or used by a participating provider that:

(1) is determined by the authority to be necessary or helpful, directly or indirectly, to provide:

Terms Used In Indiana Code 5-1.2-2-33

  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(A) health care;

(B) medical research;

(C) training or teaching of health care personnel;

(D) habilitation, rehabilitation, or therapeutic services; or

(E) any related supporting services;

regardless of whether the property is in existence at the time of, or is to be provided after the making of, the finding;

(2) is:

(A) a residential facility for individuals with a physical, mental, or emotional disability;

(B) a residential facility for individuals with a physical or mental illness; or

(C) a residential facility for the elderly; or

(3) is a licensed child caring institution providing residential care described in IC 12-7-2-29(1) or corresponding provisions of the laws of the state in which the property is located.

As added by P.L.189-2018, SEC.25.

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