§ 21-34-1-10 — "Cost"

Indiana § 21-34-1-10

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 34: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 1: General Provisions; Definitions

Text

"Cost" means:
(1) all or any part of the cost of construction and acquisition of all
lands, structures, real or personal property, rights, rights-of-way,
franchises, easements, and interests acquired or used under this
article.
(2) the cost of demolishing or removing any buildings or
structures on land so acquired, including the cost of acquiring any
lands to which the buildings or structures may be moved;
(3) the cost of all machinery and equipment, financing charges,
and interest before, during, and for a period not exceeding one (1)
year after the estimated date of completion of construction or
acquisition;
(4) the reserves for debt service and for extensions, enlargements,
additions, replacements, renovations, and improvements to
building facilities;
(5) the cost of architectural, engineering, trustee, financial, legal,
and related services;
(6) the act of underwriters;
(7) the cost of plans, specifications, studies, surveys, and
estimates of cost and of revenues;
(8) the administrative expenses, expenses necessary or incident to
determining the feasibility or practicability of any undertaking
under this article; and
(9) other expenses as may be necessary or incident to the
construction, acquisition, and the financing of any undertaking
under this article.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-6(g).]

Legislative History

As added by P.L.2-2007, SEC.275.