Sec. 11. (a) If the board of trustees of any state educational institution determines that real estate, the title to which is in the name of the state, for the use and benefit of the board of trustees or the state educational institution under the board's control, is reasonably required for use as a support facility or a research facility, the real estate may, upon:
(1) request in writing of the board of trustees of the state educational institution to the governor; and
(2) the approval of the governor;
be conveyed by deed from the state to the board of trustees of the state educational institution.
(b) The governor may execute and deliver the deed:
(1) in the name of the state of Indiana;
(2) signed on behalf of the state by the governor;
(3) attested by the auditor of state; and
(4) with the seal of the state affixed to the deed.
[Pre-2007 Higher Education Recodification Citation: 20-12-8-1(d) part.]
As added by P.L.2-2007, SEC.276.
Structure Indiana Code
Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds
21-35-3-1. Applicability of Chapter
21-35-3-2. Applicable Properties
21-35-3-3. Supplemental Effect of Chapter
21-35-3-4. Prior Contracts and Bonds Unaffected; Limited Applicability of Chapter
21-35-3-5. Effect of Acts 1977 p.l.250
21-35-3-8. Authority to Acquire Personal and Real Property
21-35-3-9. Authority to Improve and Use Acquired Property
21-35-3-10. Title to Acquired Property
21-35-3-11. Acquisition of Real Property; Approval of Governor; Conveyance and Execution of Deed
21-35-3-12. Issuance and Sale of Bonds
21-35-3-13. Bonds and Interest on Bonds Secured by Pledge or Mortgage
21-35-3-15. Maximum Bond Amounts
21-35-3-16. Determination of Denominations and Maturation of Bonds; Rates of Interest
21-35-3-17. Bonds and Pledges or Mortgages Made in the Name of the State Educational Institution
21-35-3-18. Limitation on State or Institutional Liability for Indebtedness
21-35-3-21. Contracts; Approval of the Budget Agency and Governor
21-35-3-23. Maximum Aggregate Principal Amount of Bonds Each Biennium