Section 21-34-5-1 - Authority to collect building facilities fees In order to:
(1) provide funds with which to pay part or all of the cost of any building facility, work, act, or undertaking authorized by IC 21-34-2, IC 21-34-3-1, or IC 21-34-3-3;(2) pay part or all of the cost of acquiring real or personal property by purchase, lease, sublease, condemnation, trade or exchange, or otherwise as provided in section IC 21-34-3-4;(3) pay part or all of the cost of improving any of the property;(4) pay the principal of and interest on bonds issued under this article; or(5) perform the obligations of any joint-use agreements made under IC 21-34-4; the board of trustees of a state educational institution may, as necessary, fix, charge, and collect a building facilities fee or fees.
Pre-2007 Higher Education Recodification Citation: 20-12-6-4 part.
As added by P.L. 2-2007, SEC.275.