Indiana Code § 8-25-3-8

Purchase of equipment as an operating expense
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Sec. 8. For purposes of this chapter, IC 36-9-2-2 (b), and IC 36-9-4-58 (b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years.   IC 8-25-4 Chapter 4. Carrying Out Central Indiana Public Transportation Projects               8-25-4-1 Authorization to carry out a public transportation project             8-25-4-2 Fiscal body authorization of a public transportation corporation to carry out a public transportation project             8-25-4-3 Fiscal body authorization to carry out a public transportation project through an interlocal agreement             8-25-4-4 Fiscal body authorization to carry out a public transportation project through a public-private partnership             8-25-4-5 Process for entering into a public-private partnership             8-25-4-6 Eligible counties limited to one public transportation project             8-25-4-7 Goals for the participation of minority business enterprises, veteran business enterprises, and women's business enterprises             8-25-4-8 Services must be provided throughout an eligible county             8-25-4-9 Prohibition on light rail             8-25-4-10 Carrying out a public transportation project in a township that opts-in

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