"Health facility property", for purposes of IC 5-1.2-7 , means any tangible or intangible property or asset owned or used by a participating provider that:

1. (1) is determined by the authority to be necessary or helpful, directly or indirectly, to provide:

   1. (A) health care;
   2. (B) medical research;
   3. (C) training or teaching of health care personnel;
   4. (D) habilitation, rehabilitation, or therapeutic services; or

   5. (E) any related supporting services;

      regardless of whether the property is in existence at the time of, or is to be provided after the making of, the finding;

2. (2) is:

   1. (A) a residential facility for individuals with a physical, mental, or emotional disability;
   2. (B) a residential facility for individuals with a physical or mental illness; or
   3. (C) a residential facility for the elderly; or
3. (3) is a licensed child caring institution providing residential care described in IC 12-7-2.1-60 (1) or corresponding provisions of the laws of the state in which the property is located.

As added by P.L.189-2018, SEC.25. Amended by P.L.145-2026, SEC.14.