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:

(1) Entirely from the levy of taxes.

(2) Entirely from the net revenues of the hospital of which the leased building or buildings are a part.

(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.


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