16-22-6-30. Application of Bond Proceeds
Sec. 30. The proceeds of bonds issued under this chapter, after reimbursement to the county for preliminary expenses as provided in section 11 of this chapter, shall be applied to the payment of the costs of acquisition, construction, or renovation of the building for which the bonds are issued, including incidental expenses and interest before […]
16-22-6-31. Security for Bonds; Trust Indenture
Sec. 31. (a) The governing board may secure the bonds by a trust indenture between the authority and a corporate trustee, which may be any trust company or national or state bank in Indiana having trust powers. (b) The trust indenture may do the following: (1) Mortgage the land or building, or both, for which […]
16-22-6-32. Tax Levy
Sec. 32. (a) The county fiscal body of a county that has entered into a lease under this chapter shall annually levy a tax sufficient to produce, with other funds available, funds sufficient to pay the lease rental provided to be paid from taxes. (b) Net revenues of the hospital of which the leased building […]
16-22-6-33. Hospital Revenues as Source of Lease Rental Payments
Sec. 33. (a) If: (1) a county enters into a lease under this chapter, under which the lease rental is payable in whole or in part from the net revenues of the hospital of which the leased buildings are a part; and (2) the governing board of the hospital covenants in the lease to establish […]
16-22-6-34. Exemption From State Taxation
Sec. 34. The following are exempt from state taxation except for the financial institutions tax imposed under IC 6-5.5: (1) Property owned by the authority. (2) Revenues of the authority. (3) Bonds or other securities and the interest on bonds and securities issued by the authority. (4) Proceeds received by a holder from the sale […]
16-22-6-35. Audit of Funds; Officer and Employee Bonds; Records
Sec. 35. The state board of accounts may supervise and audit the funds of the authority. An officer or employee of the authority authorized to receive, disburse, or in any way handle funds or negotiable securities of the authority shall execute a bond payable to the state, with surety to consist of a surety or […]
16-22-6-36. Liquidation of Authority
Sec. 36. An authority may be liquidated after the authority’s securities are redeemed, debts are paid, and leases are terminated if the board of directors files a report with the circuit court, superior court, or probate court showing the facts and stating that the liquidation is in the best public interest. The court shall find […]
16-22-6-37. Building Additions; Funding
Sec. 37. (a) A county or the governing board of the hospital may remodel or construct an addition to a hospital building leased under this chapter. (b) To provide funds for that purpose, the county may issue general obligation bonds or appropriate money from the county’s general fund or other funds available for that purpose […]
16-22-6-38. Agreements
Sec. 38. A county and an authority that have entered into or propose to enter into a lease under this chapter may enter into a party wall agreement or other agreement concerning the attaching of an addition to a hospital building if the agreement is approved by the governing board of the hospital and recorded […]
16-22-6-39. Lease Approval of County Fiscal Body
Sec. 39. For the purposes of this chapter, county executive action or approval for the appropriation and expenditure of county tax money includes approval by the county fiscal body. A lease entered into by the county executive with the hospital building authority or association is not valid or binding on the county unless the lease […]