Indiana Code
Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User
21-35-7-4. Power of State Educational Institutions to Acquire Real and Personal Property

Sec. 4. In addition to any other powers that a state educational institution has, the board of trustees of a state educational institution may:
(1) enter into agreements concerning and to acquire by:
(A) gift;
(B) purchase; or
(C) lease;
land or interests in land and personal property needed for the purposes of this chapter;
(2) purchase, lease as lessee or lessor, construct, remodel, rebuild, enlarge, or substantially improve property;
(3) enter into financing agreements, including leasing land or property to users or developers, subject to this chapter; and
(4) enter into agreements with users or developers to allow users or developers to wholly or partially construct and manage property.
[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-3.]
As added by P.L.2-2007, SEC.276.

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