LegalFix
Sign In

5-26-5-7. Use of money in fund; purposes

IN Code § 5-26-5-7 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 7. The commission may use the money in the infrastructure fund only to pay the following:

(1) The cost of construction of communications system infrastructure.

(2) The cost of acquisition or leasing of all real or personal property required for the construction of communications system infrastructure.

(3) The cost of operation and maintenance of communications system infrastructure.

(4) The cost of demolishing or removing any buildings, structures, or improvements on property acquired by the commission for the construction of communications system infrastructure.

(5) Engineering and legal expenses, other professional services, and the costs of plans, specifications, surveys, estimates, and any necessary feasibility studies.

(6) Payment of rentals and other obligations and performance of other obligations under use and occupancy agreements or other contracts or leases relating to the financing of communications system infrastructure under IC 4-13.5.

As added by P.L.123-2002, SEC.14.

Previous Section
5-26-5-6. Nonreversion of money
Next Section
5-26-5-8. Priority of payment of obligations under use and occupancy agreements