Indiana § 5-1.3-2-5 "Costs"

Indiana Statutes

§ 5-1.3-2-5 — "Costs"

Indiana § 5-1.3-2-5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 2Definitions

This text of Indiana § 5-1.3-2-5 ("Costs") 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 § 5-1.3-2-5 (2026).

Text

"Costs" as applied to any rail project, includes any item or cost incurred in the construction of a rail project, including:

(1)the cost of construction;

(2)the cost of acquisition of all land, rights-of-way, property, rights, easements, and any other legal or equitable interests acquired by the IFA for the construction, including the cost of any relocations incident to the acquisition;

(3)the cost of demolishing or removing any buildings, structures, or improvements on property acquired by the IFA, including the cost of:

(A)acquiring any property to which the buildings, structures, or improvements may be moved; or

(B)acquiring any property that may be exchanged for property acquired by the IFA, the NWIRDA, or the NICTD;

(4)financing charges;

(5)costs of issuance of bonds or notes,

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"Costs" as applied to any rail project, includes
any item or cost incurred in the construction of a rail project, including:
(1) the cost of construction;
(2) the cost of acquisition of all land, rights-of-way, property,
rights, easements, and any other legal or equitable interests
acquired by the IFA for the construction, including the cost of any
relocations incident to the acquisition;
(3) the cost of demolishing or removing any buildings, structures,
or improvements on property acquired by the IFA, including the
cost of:
(A) acquiring any property to which the buildings, structures,
or improvements may be moved; or
(B) acquiring any property that may be exchanged for property
acquired by the IFA, the NWIRDA, or the NICTD;
(4) financing charges;
(5) costs of issuance of bonds or notes, including costs of credit
enhancement, such as bond or note insurance;
(6) remarketing or conversion fees;
(7) discounts resulting from the purchase price of the bonds or
notes being less than par;
(8) capitalized interest;
(9) the cost of funding any reserves to secure the payment of
bonds or notes;
(10) engineering, financial, trust and legal expenses, costs of
plans, specifications, surveys, estimates, and any necessary
feasibility studies;
(11) administrative expenses of the IFA, the NWIRDA, or the
NICTD relating to any rail project financed by bonds or notes;
(12) refunding any interim financing entered into by the IFA, the
NWIRDA, or the NICTD;
(13) reimbursement of the IFA, the NWIRDA, or the NICTD for:
(A) any cost, obligation, or expense incurred by the IFA, the
NWIRDA, or the NICTD relating to a rail project;
(B) advances relating to a rail project from the IFA to the
NWIRDA or the NICTD or from the NWIRDA to the NICTD
for surveys, borings, preparation of plans and specifications, or
engineering services; or
(C) any other cost of construction incurred by the NWIRDA or
the NICTD that was paid from advances;
(14) other expenses necessary or incident to determining the
feasibility or practicability of constructing, operating, and
maintaining any rail project; and
(15) other expenses the IFA finds necessary or incident to the
construction of the rail project, the financing of the construction,
and the placing of the rail project in operation.