Sec. 1. In order to: (1) provide funds with which to pay part or all of the cost of any building facility, work, act, or undertaking authorized by IC 21-34-2 , IC 21-34-3-1 , or IC 21-34-3-3 ; (2) pay part or all of the cost of acquiring real or personal property by purchase, lease, sublease, condemnation, trade or exchange, or otherwise as provided in section IC 21-34-3-4 ; (3) pay part or all of the cost of improving any of the property; (4) pay the principal of and interest on bonds issued under this article; or (5) perform the obligations of any joint-use agreements made under IC 21-34-4 ; the board of trustees of a state educational institution may, as necessary, fix, charge, and collect a building facilities fee or fees. [Pre-2007 Higher Education Recodification Citation: 20-12-6-4 part.]
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