Payment of lease rental; sources

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.