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Ind. Code § 21-35-1-7

"Income"

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

Sec. 7. "Income":

(1) for purposes of IC 21-35-2, with respect to any property, includes the sum of all mandatory student service fees:

(A) collected for the use of the property; and

(B) assessed against the students of the institution;

to provide security for bonds issued under IC 21-35-2; and

(2) for purposes of IC 21-35-3, with respect to a campus facility, includes the sum of all mandatory student service fees:

(A) collected for the use of the facility; and

(B) assessed against the students of the institution;

to provide security for bonds issued under IC 21-35-3.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.