"Net income" for purposes of IC 21-35-2 and IC 21-35-3 , with respect to any property, means income minus the costs of operating, maintaining, and repairing the property except when these costs are otherwise paid.

[Pre-2007 Higher Education Recodification Citations: 20-12-7-1.3; 20-12-8-1.3.]

As added by P.L.2-2007, SEC.276.