institution 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.