Arizona Laws 48-5542. Purchasing and leasing property and equipment
Current as of: 2024 | Check for updates
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The board of directors may:
Terms Used In Arizona Laws 48-5542
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Medical clinic: means a facility that provides for physical evaluation, diagnosis and treatment of patients and that does not keep patients overnight as bed patients or treat patients under general anesthesia. See Arizona Laws 48-5501
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- Property: includes both real and personal property. See Arizona Laws 1-215
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
1. Purchase surgical instruments, hospital equipment, urgent care equipment, medical clinic equipment, nursing care equipment, ambulance equipment and other property and supplies necessary for equipping the district’s facilities and operations.
2. Purchase real property.
3. Erect or rent and equip buildings or rooms necessary for the district’s facilities and operations.
4. Lease the hospital, any freestanding urgent care center, any medical clinic or any nursing care institution and their respective equipment to any person or corporation to conduct a health care facility on such terms and conditions as the board of directors considers to be beneficial to the district.