Sec. 5. A state educational institution may be a member of a postsecondary SEI affiliated educational institution if:
(1) the postsecondary SEI affiliated educational institution is a public benefit corporation (as defined in IC 23-17-2-23);
(2) the postsecondary SEI affiliated educational institution is controlled by the state educational institution;
(3) in the judgment of the board of trustees, it is in the best interest and consistent with the mission of the state educational institution; and
(4) any contributions or other financial support made to the postsecondary SEI affiliated educational institution by the state educational institution consist solely of eligible property.
As added by P.L.217-2017, SEC.148.
Structure Indiana Code
Article 27. State Educational Institutions: General Powers
Chapter 10. Postsecondary Sei Affiliated Educational Institutions
21-27-10-1. General Assembly Declaration
21-27-10-2. Application Only to a State Educational Institution
21-27-10-4. "Eligible Property"
21-27-10-5. Member of a Postsecondary Sei Affiliated Educational Institution
21-27-10-7. Information Provided to Commission
21-27-10-8. Control by Executive Branch
21-27-10-9. State Entity for Purposes of United States Department of Education Regulations