Sec. 14. (a) All necessary preliminary expenses actually incurred by the governing board to make surveys, prepare estimates of cost and receipts, employ architects, engineers, attorneys, or other consultants, give notices, take options, and all other expenses necessary to be paid before the issue and delivery of bonds under this chapter may be paid by the:

(1) city hospital or city, from funds on hand or derived from taxes levied that may be appropriated for that purpose; or

(2) board of trustees or board of managers of the hospital from revenues available for such purposes.

     (b) The city or the governing board of the hospital from which the payments are made shall be fully reimbursed by the governing board out of the first proceeds of the sale of bonds by the authority before any other disbursements are made.

[Pre-1993 Recodification Citation: 16-12-20.5-8.]

As added by P.L.2-1993, SEC.5.