1. (a) This section applies to the county fiscal body of a county in which a city hospital is located and maintained.

2. (b) The county fiscal body may issue and sell bonds and appropriate money, if the fiscal body finds the following:

   1. (1) An emergency exists.

   2. (2) To meet the medical needs of the county residents living inside and outside the corporate limits of the city it is necessary to aid in the following:

      1. (A) The construction, improvement, repair, or remodeling of hospital buildings and grounds.
      2. (B) The construction of an extension or addition to the hospital.
      3. (C) The acquisition of real property for the hospital.
   3. (3) An appropriation of county funds, borrowing of money, and issuance and sale of bonds by the county are in the best interests of all the citizens of the county.

3. (c) The county fiscal body may issue and sell bonds and appropriate the proceeds to meet the emergency:

   1. (1) without regard to whether the city in which the hospital is located has issued and sold bonds for these purposes or contemplates the issuance and sale of bonds;
   2. (2) as other county bonds are issued and sold under statute; and
   3. (3) subject to approval of the department of local government finance.

4. (d) The principal derived from the sale of the bonds, upon due appropriation by the county according to statute, shall be paid to the clerk-treasurer of the city to assist in paying the cost of the improvement, repair, remodeling, or construction project of the hospital or for the acquisition of real property, without reappropriation by the fiscal body of the city.

   [Pre-1993 Recodification Citations: 16-12.2-5-29; 16-12.2-5-31.]

As added by P.L.2-1993, SEC.6. Amended by P.L.90-2002, SEC.399.