Section 16-22-3-22 - Leases(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:(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.