Indiana Code 8-14.5-2-4. Capitalized interest
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Terms Used In Indiana Code 8-14.5-2-4
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 4. “Capitalized interest” means interest cost on bonds or notes before and during the period of construction of the project for which the bonds or notes were issued, and for a period not to exceed one (1) year after completion of construction.
As added by P.L.68-1988, SEC.12.