{"data":{"id":"us-in/ic-5-1.3-2-5","jurisdiction":"us-in","citation":"IC 5-1.3-2-5","heading":"\"Costs\"","body":"Sec. 5. \"Costs\" as applied to any rail project, includes any item or cost incurred in the construction of a rail project, including:\n(1) the cost of construction;\n(2) the cost of acquisition of all land, rights-of-way, property, rights, easements, and any other legal or equitable interests acquired by the IFA for the construction, including the cost of any relocations incident to the acquisition;\n(3) the cost of demolishing or removing any buildings, structures, or improvements on property acquired by the IFA, including the cost of:\n(A) acquiring any property to which the buildings, structures, or improvements may be moved; or\n(B) acquiring any property that may be exchanged for property acquired by the IFA, the NWIRDA, or the NICTD;\n(4) financing charges;\n(5) costs of issuance of bonds or notes, including costs of credit enhancement, such as bond or note insurance;\n(6) remarketing or conversion fees;\n(7) discounts resulting from the purchase price of the bonds or notes being less than par;\n(8) capitalized interest;\n(9) the cost of funding any reserves to secure the payment of bonds or notes;\n(10) engineering, financial, trust and legal expenses, costs of plans, specifications, surveys, estimates, and any necessary feasibility studies;\n(11) administrative expenses of the IFA, the NWIRDA, or the NICTD relating to any rail project financed by bonds or notes;\n(12) refunding any interim financing entered into by the IFA, the NWIRDA, or the NICTD;\n(13) reimbursement of the IFA, the NWIRDA, or the NICTD for:\n(A) any cost, obligation, or expense incurred by the IFA, the NWIRDA, or the NICTD relating to a rail project;\n(B) advances relating to a rail project from the IFA to the NWIRDA or the NICTD or from the NWIRDA to the NICTD for surveys, borings, preparation of plans and specifications, or engineering services; or\n(C) any other cost of construction incurred by the NWIRDA or the NICTD that was paid from advances;\n(14) other expenses necessary or incident to determining the feasibility or practicability of constructing, operating, and maintaining any rail project; and\n(15) other expenses the IFA finds necessary or incident to the construction of the rail project, the financing of the construction, and the placing of the rail project in operation.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.3. LEASE FINANCING FOR RAIL PROJECTS FOR THE NORTHWEST INDIANA REGIONAL DEVELOPMENT AUTHORITY AND THE NORTHERN INDIANA COMMUTER TRANSPORTATION DISTRICT","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.3-2-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"ed3652ab63c9948d98a020035f2ce5a70feac12440687cd40d19deb78454d368","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.3-2-4","next":"us-in/ic-5-1.3-2-6"},"notice":"GroundRules: Original legal text. Not legal advice."}