Components of sublease payments
Ind. Code § 4-12-14-8
in effectSec. 8. The sublease rental payments under a sublease entered into under this chapter may include amounts payable for:
(1) the operation and management of the Columbus Learning Center;
(2) maintenance, repair, or replacement reserves necessary or appropriate to keep the Columbus Learning Center in good operating order; and
(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026