"Income"

Sec. 7. "Income": (1) for purposes of IC 21-35-2, with respect to any property, includes the sum of all mandatory student service fees: (A) collected for the use of the property; and (B) assessed against the students of the institution; to provide security for bonds issued under IC 21-35-2; and (2) for purposes of IC 21-35-3, with respect to a campus facility, includes the sum of all mandatory student service fees: (A) collected for the use of the facility; and (B) assessed against the students of the institution; to provide security for bonds issued under IC 21-35-3. [Pre-2007 Higher Education Recodification Citations: 20-12-7-1.2; 20-12-8-1.2.] As added by P.L.2-2007, SEC.276.