19-9-111 - Cost of acquisition or improvement of facility.
19-9-111. Cost of acquisition or improvement of facility.
The cost of acquisition or improvement of any facility shall be considered to include:
(1) the actual cost of land acquisition and improvements to the land; and
(2) the actual cost of construction, alteration, or remodeling of a facility, includingmaintenance and the cost of equipping it; the cost of architectural and engineering fees; the costof legal and accounting fees incurred incident to issuance of such obligations; the cost of fees forfinancial advisors and printing; and the interest on such obligations for a reasonable period oftime.
Renumbered and Amended by Chapter 184, 2003 General Session