Indiana § 13-11-2-44 - "Cost"
Full text of Indiana Indiana Code § 13-11-2-44 — "Cost", with citation guidance and answers to common questions.
§ 13-11-2-44. "Cost"
Sec. 44. "Cost", for purposes of IC 13-21 and as applied to a facility or any part of a facility, includes the following:
(1) The cost of construction, modification, decommissioning, disposal, or acquisition of the facility or any part of the facility.
(2) Financing charges.
(3) Interest before and during construction and for a reasonable period after the construction as determined by the board of directors.
(4) The cost of funding reserves to secure the payment of principal and interest on bonds issued by the district.
(5) The cost of funding an operation and maintenance reserve fund.
(6) The cost of funding a major repair or replacement fund.
(7) Legal and underwriting expenses.
(8) Municipal bond insurance premiums.
(9) The cost of plans, specifications, surveys, and estimates of costs and revenues.
(10) Other expenses necessary or incidental to determining the feasibility or practicability of constructing the facility.
(11) Administrative expense.
(12) Other expenses necessary or incidental to the construction, modification, or acquisition of the facility, the financing of the construction, modification, or acquisition of the facility, and the placing of the facility in operation.
[Pre-1996 Recodification Citations: 13-9.5-1-1 part; 13-9.5-1-6.]
As added by P.L.1-1996, SEC.1.
Frequently Asked Questions About Indiana § 13-11-2-44
What does Indiana Code § 13-11-2-44 cover?
Section 13-11-2-44 (""Cost"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 13-11-2-44?
A common citation format is "Indiana Code § 13-11-2-44" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 13-11-2-44 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.