§ 13-11-2-44 — "Cost"

Indiana § 13-11-2-44

• Jurisdiction: Indiana
• Art. 11: DEFINITIONS

Text

"Cost", for purposes of IC 13-21 and as
applied to a facility or any part of a facility, includes the following:
(1) The cost of construction, modification, decommissioning,
disposal, or acquisition of the facility or any part of the facility.
(2) Financing charges.
(3) Interest before and during construction and for a reasonable
period after the construction as determined by the board of
directors.
(4) The cost of funding reserves to secure the payment of
principal and interest on bonds issued by the district.
(5) The cost of funding an operation and maintenance reserve
fund.
(6) The cost of funding a major repair or replacement fund.
(7) Legal and underwriting expenses.
(8) Municipal bond insurance premiums.
(9) The cost of plans, specifications, surveys, and estimates of
costs and revenues.
(10) Other expenses necessary or incidental to determining the
feasibility or practicability of constructing the facility.
(11) Administrative expense.
(12) Other expenses necessary or incidental to the construction,
modification, or acquisition of the facility, the financing of the
construction, modification, or acquisition of the facility, and the
placing of the facility in operation.
[Pre-1996 Recodification Citations: 13-9.5-1-1 part;
13-9.5-1-6.]

Legislative History

As added by P.L.1-1996, SEC.1.