Sec. 27.5. (a) This section applies in a county when:
(1) the board has authorized the hospital to enter into a lease or sublease contract or a loan agreement with the state authority under this chapter; and
(2) the lease or sublease contract or the loan agreement provides that a portion of the lease or loan payment is to be paid from taxes.
(b) The county council or the city-county council in the case of a county with a consolidated city shall annually levy a tax that is sufficient to produce each year along with other available funds an amount that is sufficient to pay the portion of the lease or loan payment that is required to be paid from taxes.
(c) The board shall transfer the following to a fund to be used to pay the portion of the lease or loan payment that is not required to be paid from taxes:
(1) Any net revenue of the hospital that is required to be used for the lease or loan payment.
(2) Any net revenue of the hospital that is required to be retained as a reserve for a purpose that the board determines if the board determines that the money is not needed in reserve for additional construction, equipment, betterment, maintenance, or operation.
(d) In fixing and determining the levy that is necessary for the lease or loan payment that is payable from taxes, the county council shall consider the amounts that have been transferred from the net revenues of the hospital under subsection (c).
(e) If funds other than taxes are not available to pay the portion of the lease or loan payment that is required to come from taxes, a county is not relieved from the county's obligation to pay from taxes any lease or loan payment that is payable from taxes.
(f) The tax levy provided in this section is reviewable in the manner that other tax levies are reviewable to ascertain that the levy is sufficient to produce the amount of the lease or loan payment that is required to be paid from taxes.
(g) One-half (1/2) of the annual lease or loan payment shall be paid semiannually to the state authority after the semiannual settlement of tax collections.
As added by P.L.43-1993, SEC.17. Amended by P.L.56-1995, SEC.8.
Structure Indiana Code
Chapter 3. Powers of Hospital Governing Boards
16-22-3-1. General Powers and Responsibilities
16-22-3-2. Acquisition of Real and Personal Property for Hospital Purposes
16-22-3-4. Equipment and Supplies Acquisitions
16-22-3-5. Bids, Proposals, or Quotations Submitted by Trust
16-22-3-6. Contracts for Services
16-22-3-9. Medical Staff Appointment; Eligibility; Standards and Rules; Staff Self-Government
16-22-3-10. Personnel; Compensation; Policies
16-22-3-11. Permissible Personnel Programs and Policies
16-22-3-12. Hospital Financial Records; Annual Report
16-22-3-13. Patient Charges; Building and Improvement Funds
16-22-3-14. Hospital Funds; Authorized Transfers
16-22-3-15. Patient Refunds Fund
16-22-3-17. Disposition and Encumbrance of Real and Personal Property; Immunity From Liability
16-22-3-18.5. Conveyance of Real or Personal Property to State Authority for Lease Back to Hospital
16-22-3-19. Medical Care Trust Board
16-22-3-19.5. Hospital Property Sold Before 1990
16-22-3-20. Investment of Hospital Funds
16-22-3-23. Related Facilities and Services
16-22-3-24. Legal Status of Board; Allowable Name of the Board; Actions Legalized
16-22-3-25. Eminent Domain Powers
16-22-3-26. Loans; Sale or Factor of Accounts Receivable; Federal Loans or Guaranties
16-22-3-27. Tax Levy Support of Hospital
16-22-3-27.5. Payment of Lease or Loan From Taxes
16-22-3-28. Other Powers of Board