Sec. 12. "Fee replacement" means payments to a state educational institution to be used to pay indebtedness resulting from financing the cost of: (1) planning; (2) purchasing; (3) rehabilitation; (4) construction; (5) repair; (6) leasing; (7) lease-purchasing; or (8) otherwise acquiring; land, buildings, facilities, and equipment to be used for academic and instructional purposes. [Pre-2007 Higher Education Recodification Citation: 20-12-6-17(d).]
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