Sec. 8. The cost of any project authorized under this chapter includes the following:
(1) The estimated cost of architectural, engineering, and consulting services.
(2) The estimated cost of the construction and any repair and rehabilitation project.
(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.
Structure Indiana Code
Article 33. State Educational Institutions: Approval of Projects; Funding
Chapter 3. Projects for Land, Buildings, and Facilities; Repair and Rehabilitation Projects
21-33-3-1. Application of Chapter; State Educational Institutions
21-33-3-2. Application of Chapter; Property
21-33-3-3. Approved or Authorized Projects Subject to Review by the Commission
21-33-3-4. Advisory Recommendation
21-33-3-5. Board; Authority to Engage in Certain Projects
21-33-3-6. Board; Authority to Engage in Repair and Rehabilitation Projects
21-33-3-7. Board; Authority to Lease Property
21-33-3-8. Items Included in Cost of Projects