Indiana Code 21-33-3-8. Items included in cost of projects
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Sec. 8. The cost of any project authorized under this chapter includes the following:
(2) The estimated cost of the construction and any repair and rehabilitation project.
(1) The estimated cost of architectural, engineering, and consulting services.
Terms Used In Indiana Code 21-33-3-8
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(3) The purchase price of any land to be purchased for the project.
(4) For lease-purchase projects, the total rent to be paid over the terms of the lease and over any additional period for which the state educational institution has an option for extension or renewal.
(5) The cost of equipment.
(6) The interest costs during construction.
(7) Other costs approved by the budget agency.
[Pre-2007 Higher Education Recodification Citation: 20-12-5.5-3.]
As added by P.L.2-2007, SEC.274.