Indiana Statutes

§ 4-12-14-8 — Components of sublease payments

Indiana·Art. 12 APPROPRIATIONS MANAGEMENT·Ch. 14 Columbus Learning Center Lease

The sublease rental payments under a sublease entered into under this chapter may include amounts payable for:

(1)the operation and management of the Columbus Learning Center;
(2)maintenance, repair, or replacement reserves necessary or appropriate to keep the Columbus Learning Center in good operating order; and
(3)repayment of the principal of and interest on the lease rental revenue bonds, subject to the limitations set forth in section 6 of this chapter.

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Legislative History

As added by P.L.220-2011, SEC.27.

Nearby Sections

15
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