Components of sublease payments

Ind. Code § 4-12-14-8, under Chapter 14. Columbus Learning Center Lease.

Ind. Code § 4-12-14-8

Sec. 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.