2010 Arizona Revised Statutes
Title 48 - Special Taxing Districts
48-5543 Lease provisions

48-5543. Lease provisions

A lease of the hospital, a freestanding urgent care center, a medical clinic or a nursing care institution and their equipment shall:

1. Extend for a term of at least one year but not more than twenty years to be determined by the board of directors.

2. Be executed to a nonprofit corporation organized under title 10, chapters 24 through 40 for the purpose of conducting a hospital, a freestanding urgent care center, a medical clinic or a nursing care institution, combined hospital, nursing care institution and ambulance service or a combined freestanding urgent care center and ambulance service.

3. Provide for rent on terms and in an amount that are determined to be reasonable by the board of directors.

Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.