Sec. 12. “Fee replacement” means payments to a state educational institution to be used to pay indebtedness resulting from financing the cost of:

(1) planning;

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(2) purchasing;

(3) rehabilitation;

(4) construction;

(5) repair;

(6) leasing;

(7) lease-purchasing; or

(8) otherwise acquiring;

land, buildings, facilities, and equipment to be used for academic and instructional purposes.

[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(d).]

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