Sec. 26. (a) A county desiring to erect or renovate a building on land owned or to be acquired by the county may sell land or a building, or both to the authority. Before the sale may take place, the county executive, with the approval of the county fiscal body, shall file a petition with the circuit court of the county requesting the appointment of:
(1) one (1) disinterested freeholder of the county as an appraiser; and
(2) two (2) disinterested appraisers licensed under IC 25-34.1;
who are residents of Indiana to determine the fair market value of the land and buildings. One (1) of the appraisers described under subdivision (2) must reside not more than fifty (50) miles from the land. The appraisers shall fix the fair market value of the land and buildings and report not more than two (2) weeks after the date of the appraisers' appointment. The county may sell the land and buildings to the authority for an amount not less than the amount fixed as the fair market value by the appraisers. The amount shall be paid in cash upon delivery of the deed by the county to the authority.
(b) If a cumulative building fund exists at the time of the sale under IC 16-12-16 (before its repeal on July 1, 1993), IC 16-12.1-4-4 (before its repeal on July 1, 1993), or IC 16-22-5, the proceeds from the sale shall be placed in the fund. If a cumulative building fund does not exist at the time of the sale, the proceeds from the sale shall be paid into the county hospital fund and the principal and interest shall be used for the purposes set forth in IC 16-22-5. A sale of land or buildings, or both, by a county to the authority shall be authorized by the county executive by an order entered in the official records of the county executive. The deed shall be executed on behalf of the county by the county executive.
[Pre-1993 Recodification Citation: 16-12-20-16.]
As added by P.L.2-1993, SEC.5. Amended by P.L.113-2006, SEC.10.
Structure Indiana Code
Chapter 6. County Hospital Building Authorities
16-22-6-2. Resolution for Creation of Authority; Name; Purpose
16-22-6-3. Appointment of Directors; Terms
16-22-6-5. Director's Oath of Office
16-22-6-6. Removal of Director From Office
16-22-6-7. Selection of Officers; Meetings; Quorum
16-22-6-8. Bylaws, Rules, and Regulations
16-22-6-9. Compensation and Reimbursement
16-22-6-10. Conflicts of Interest
16-22-6-11. Preliminary Expenses
16-22-6-12. Powers of Governing Board
16-22-6-14. Anticipatory Lease
16-22-6-15. Payment of Lease Rental; Sources
16-22-6-16. Payment of Lease Rentals From Hospital Net Revenues; Reserve Fund
16-22-6-17. Payment of Lease Rentals From a Cumulative Building Fund
16-22-6-18. Hearing on Terms of Proposed Lease; Notice
16-22-6-19. Authorization and Execution of Lease
16-22-6-20. Notice of Execution of Authorized Lease; Taxpayer Objections
16-22-6-21. Submission of Objections to Department of Local Government Finance
16-22-6-22. Hearing by Department of Local Government Finance; Notice
16-22-6-23. Time for Bringing Action to Contest or Enjoin Lease
16-22-6-24. Lease Options; Renewal or Purchase
16-22-6-25. Plans and Specifications; Approval
16-22-6-26. Sale of County Land or Building to Authority; Procedure
16-22-6-28. Agreements Between Contiguous Counties; Rights of County Citizens
16-22-6-29. Revenue Bonds; Authorization; Legal Investments; Sale
16-22-6-30. Application of Bond Proceeds
16-22-6-31. Security for Bonds; Trust Indenture
16-22-6-33. Hospital Revenues as Source of Lease Rental Payments
16-22-6-34. Exemption From State Taxation
16-22-6-35. Audit of Funds; Officer and Employee Bonds; Records
16-22-6-36. Liquidation of Authority
16-22-6-37. Building Additions; Funding