Indiana § 21-33-3-8 Items included in cost of projects

Indiana Statutes

§ 21-33-3-8 — Items included in cost of projects

Indiana·Title 21 HIGHER EDUCATION·Art. 33 STATE EDUCATIONAL INSTITUTIONS:·Ch. 3 Projects for Land, Buildings, and Facilities; Repair and

The cost of any project authorized under this chapter includes the following:

(1)The estimated cost of architectural, engineering, and consulting services.

(2)The estimated cost of the construction and any repair and rehabilitation project.

(3)The purchase price of any land to be purchased for the project.

(4)For lease-purchase projects, the total rent to be paid over the terms of the lease and over any additional period for which the state educational institution has an option for extension or renewal.

(5)The cost of equipment.

(6)The interest costs during construction.

(7)Other costs approved by the budget agency. [Pre-2007 Higher Education Recodification Citation: 20-12-5.5-3.]

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The cost of any project authorized under this
chapter includes the following:
(1) The estimated cost of architectural, engineering, and
consulting services.
(2) The estimated cost of the construction and any repair and
rehabilitation project.
(3) The purchase price of any land to be purchased for the project.
(4) For lease-purchase projects, the total rent to be paid over the
terms of the lease and over any additional period for which the
state educational institution has an option for extension or
renewal.
(5) The cost of equipment.
(6) The interest costs during construction.
(7) Other costs approved by the budget agency.
[Pre-2007 Higher Education Recodification Citation:
20-12-5.5-3.]

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