90-4-1206. Determination of cost.
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/mt/title-90/chapter-4/part-12/90-4-1206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
90-4-1206 . Determination of cost. The governing authority of a governmental body, in determining the cost of a project to be financed by the issuance of revenue bonds pursuant to 90-4-1205 , may include:
(1)engineering, inspection, fiscal, and legal expenses;
(2)interest estimated to accrue during the construction period of the project and for up to 6 months after the construction period on borrowed funds; and
(3)costs of issuance of the revenue bonds and the funding of a debt service reserve to secure the revenue bonds.