Authority to collect building facilities fees

Ind. Code § 21-34-5-1
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 1. In order to: (1) provide funds with which to pay part or all of the cost of any building facility, work, act, or undertaking authorized by IC 21-34-2, IC 21-34-3-1, or IC 21-34-3-3; (2) pay part or all of the cost of acquiring real or personal property by purchase, lease, sublease, condemnation, trade or exchange, or otherwise as provided in section IC 21-34-3-4; (3) pay part or all of the cost of improving any of the property; (4) pay the principal of and interest on bonds issued under this article; or (5) perform the obligations of any joint-use agreements made under IC 21-34-4; the board of trustees of a state educational institution may, as necessary, fix, charge, and collect a building facilities fee or fees. [Pre-2007 Higher Education Recodification Citation: 20-12-6-4 part.] As added by P.L.2-2007, SEC.275.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements