Ind. Code § 4-12-14-8

Current through P.L. 171-2024

Section 4-12-14-8 - Components of sublease payments

The sublease rental payments under a sublease entered into under this chapter may include amounts payable for:

(1) the operation and management of the Columbus Learning Center;

(2) maintenance, repair, or replacement reserves necessary or appropriate to keep the Columbus Learning Center in good operating order; and

(3) repayment of the principal of and interest on the lease rental revenue bonds, subject to the limitations set forth in section 6 of this chapter.

IC 4-12-14-8

Added by P.L. 220-2011, SEC. 27, eff. 7/1/2011.