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

Indiana Statutes

§ 4-4-37-5 — "Qualified expenditure"

Indiana·Art. 4 LIEUTENANT GOVERNOR·Ch. 37 Historic Preservation and Rehabilitation Grant Program

(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.

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