The board may use money distributed from the professional sports development area fund to pay any costs related to a capital improvement described in section 3(b) of this chapter, including the following:

1. (1) Any costs related to the operation, maintenance, or replacement of a capital improvement described in section 3(b) of this chapter.
2. (2) Any costs related to constructing, renovating, and equipping a capital improvement described in section 3(b) of this chapter.
3. (3) Any costs related to the financing or refinancing of a capital improvement described in section 3(b) of this chapter, including but not limited to any debt service payments on bonds or lease rental payments in respect of leases.
4. (4) Any costs or expenses of the board or the authority incurred in connection with administering the capital improvement or related bonds, leases, agreements, or related undertakings.

As added by P.L.44-2026, SEC.26.