Ind. Code § 4-12-14-8

Components of sublease payments

As added by P.L.220-2011, SEC.27.

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

  1. (1) the operation and management of the Columbus Learning Center;
  2. (2) maintenance, repair, or replacement reserves necessary or appropriate to keep the Columbus Learning Center in good operating order; and
  3. (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.

As added by P.L.220-2011, SEC.27.

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