Indiana § 4-4-37-5 "Qualified expenditure"

Indiana Statutes

§ 4-4-37-5 — "Qualified expenditure"

Indiana § 4-4-37-5

Art. 4LIEUTENANT GOVERNOR

Ch. 37Historic Preservation and Rehabilitation Grant Program

This text of Indiana § 4-4-37-5 ("Qualified expenditure") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 4-4-37-5 (2026).

Text

(a)As used in this chapter, "qualified expenditures" means expenditures for preservation or rehabilitation that are chargeable to a capital account and limited for a project to the exterior of a building.

(b)The term does not include costs that are incurred to do the following:

(1)Acquire a property or an interest in a property.

(2)Pay taxes due on a property.

(3)Enlarge an existing structure.

(4)Pay realtor's fees associated with a structure or property.

(5)Pay paving and landscaping costs.

(6)Pay sales and marketing costs.

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(a) As used in this chapter, "qualified
expenditures" means expenditures for preservation or rehabilitation
that are chargeable to a capital account and limited for a project to the
exterior of a building.
(b) The term does not include costs that are incurred to do the
following:
(1) Acquire a property or an interest in a property.
(2) Pay taxes due on a property.
(3) Enlarge an existing structure.
(4) Pay realtor's fees associated with a structure or property.
(5) Pay paving and landscaping costs.
(6) Pay sales and marketing costs.