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2018 Indiana Code
TITLE 21. Higher Education
ARTICLE 35. STATE EDUCATIONAL INSTITUTIONS: REVENUE BONDS AND OTHER FINANCING ARRANGEMENTS
CHAPTER 1. General Provisions; Definitions
21-35-1-8. "Net income"
Universal Citation: IN Code § 21-35-1-8 (2018)
IC 21-35-1-8 "Net income"
Sec. 8. "Net income" for purposes of IC 21-35-2 and IC 21-35-3, with respect to any property, means income minus the costs of operating, maintaining, and repairing the property except when these costs are otherwise paid.
[Pre-2007 Higher Education Recodification Citations: 20-12-7-1.3; 20-12-8-1.3.]
As added by P.L.2-2007, SEC.276.
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