IN Code § 5-1.2-2-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-12. "Cost"

Sec. 12. "Cost" includes the following:(1) As applied to financing a health facility and health facility property under IC 5-1.2-7, the following:(A) The cost and the incidental and related costs of the acquisition, repair, restoration, reconditioning, refinancing, or installation of health facility property.(B) The cost of any property interest in health facility property, including an option to purchase a leasehold interest.(C) The cost of constructing health facility property, or an addition to health facility property, acquiring health facility property, or remodeling health facility property.(D) The cost of architectural, engineering, legal, trustee, underwriting, and related services; the cost of the preparation of plans, specifications, studies, surveys, and estimates of cost and of revenue; and all other expenses necessary or incident to planning, providing, or determining the need for or the feasibility and practicability of health facility property.(E) The cost of financing charges, including premiums or prepayment penalties and interest accrued during the construction of health facility property or before the acquisition and installation or refinancing of the health facility property for up to two (2) years after the construction, acquisition, and installation or refinancing, and startup costs related to health facility property for up to two (2) years after such construction, acquisition, and installation or refinancing.(F) The costs paid or incurred in connection with the financing of health facility property, including:(i) out-of-pocket expenses;(ii) the cost of any policy of insurance;(iii) the cost of printing, engraving, and reproduction services; and(iv) the cost of the initial or acceptance fee of any trustee or paying agent.(G) The costs of the authority, incurred in connection with providing health facility property, including reasonable sums to reimburse the authority for time spent by its agents or employees in providing and financing health facility property.(H) The cost paid or incurred for the administration of any program for the purchase or lease of or the making of loans for health facility property, by the authority, and any program for the sale or lease of or making of loans for health facility property to any participating provider.(2) As applied to a park or park project under IC 5-1.2-6, the following:(A) The cost of construction, renovation, or improvement.(B) The cost of acquisition of all land, rights in land, rights-of-way, property, rights, easements, and interests, including land under water and riparian rights acquired by the commission for construction.(C) The cost of demolishing or removing any buildings or structures on land acquired, including the cost of acquiring any land to which buildings or structures may be moved.(D) The cost of relocating public roads, railroads, and public utility facilities, including the cost of land or easements.(E) The cost of all machinery and equipment, financing charges, and interest before and during construction.(F) The cost of engineering and legal expenses, plans, specifications, surveys, estimates of use, and revenues.(G) Other expenses necessary or incident to determining the feasibility or practicability of financing and constructing any project.(H) Administrative expense.(I) Other expenses that are necessary or incident to the construction of the project, the financing of construction, and the placing of the project in operation, including an initial bond service reserve.(3) As applied to an educational facility project under IC 5-1.2-8, all costs necessary or incident to the acquisition, construction, or funding of an educational facility project under that chapter, including the costs of refunding or refinancing outstanding indebtedness incurred for the financing of the educational facility project, reserves for principal and interest, engineering, legal, architectural, and all other necessary and incidental expenses, together with interest on bonds issued to finance the educational facility project to a date six (6) months after the estimated date of completion.As added by P.L.189-2018, SEC.25.