Sec. 10. “Cost” means:

(1) all or any part of the cost of construction and acquisition of all lands, structures, real or personal property, rights, rights-of-way, franchises, easements, and interests acquired or used under this article.

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Terms Used In Indiana Code 21-34-1-10

  • Trustee: A person or institution holding and administering property in trust.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) the cost of demolishing or removing any buildings or structures on land so acquired, including the cost of acquiring any lands to which the buildings or structures may be moved;

(3) the cost of all machinery and equipment, financing charges, and interest before, during, and for a period not exceeding one (1) year after the estimated date of completion of construction or acquisition;

(4) the reserves for debt service and for extensions, enlargements, additions, replacements, renovations, and improvements to building facilities;

(5) the cost of architectural, engineering, trustee, financial, legal, and related services;

(6) the act of underwriters;

(7) the cost of plans, specifications, studies, surveys, and estimates of cost and of revenues;

(8) the administrative expenses, expenses necessary or incident to determining the feasibility or practicability of any undertaking under this article; and

(9) other expenses as may be necessary or incident to the construction, acquisition, and the financing of any undertaking under this article.

[Pre-2007 Higher Education Recodification Citation: 20-12-6-6(g).]

As added by P.L.2-2007, SEC.275.