Sec. 22. (a) The governing board may lease a part of the hospital buildings if the board determines that the use of the leased premises will aid the hospital in the performance of the hospital's services. A lease must: (1) be in writing; (2) be for definite periods; and (3) require payment of lease rentals at least monthly. (b) If the board enters into a lease or sublease contract with the state authority, the board may pledge as security for payment under the contract the funds that the governing board receives from a tax levy under section 27 of this chapter. [Pre-1993 Recodification Citation: 16-12.1-3-18.]
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