Ind. Code § 21-34-5-1
Authority to collect building facilities fees
Indiana · Indiana Code Title 21 — Higher Education · Status: effective
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- Citation
- Ind. Code § 21-34-5-1, Authority to collect building facilities fees, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1648865
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Full text
Sec. 1. 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.