90-5-109. Cost of projects.
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/mt/title-90/chapter-5/part-1/90-5-109·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
90-5-109 . Cost of projects. The cost of acquiring or improving any project shall be deemed to include the following:
(1)the actual cost of acquiring or improving real estate for any project;
(2)the actual cost of construction of all or any part of a project which may be constructed, including architects' and engineers' fees;
(3)all expenses in connection with the authorization, sale, and issuance of the bonds to finance such acquisition or improvement;
(4)bond reserves and premiums for insurance of lease rentals pledged to pay the bonds; and
(5)the interest on such bonds for a reasonable time prior to construction, during construction, and for not exceeding 6 months after completion of construction.