The cost of acquiring or improving any project includes the following:
(1) the actual cost of acquiring or improving real estate;
(2) the actual cost of enlarging, constructing, reconstructing, improving, maintaining,
equipping, or furnishing all or any part of a project which may be constructed, including
architects' or engineers' fees;
(3) all expenses in connection with the authorization, sale, and issuance of the bonds
to finance such acquisition or improvement, enlargement, construction, reconstruction,
improvement, maintenance, equipping, or furnishing, including legal fees, financial
advisers fees, letter of credit fees, line of credit or other liquidity agreement
fees, bank acceptance fees, fees of tender agents, remarketing agents and indexing
agents, premiums for bond insurance or insurance of the obligations of users under
security agreements, printing costs, underwriters' discount, reserves to pay principal
and interest on the bonds, and the interest on bonds for a reasonable time prior to
construction, during construction, and for a reasonable period of time after completion
of construction; and
(4) amounts to pay or discharge, or provide for the payment and discharge of, any
existing indebtedness incurred to finance or refinance hospital, nursing home, or
extended care facility property owned by a user for which a project is to be undertaken
under this chapter.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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