Determination of gift value

Sec. 3. The value of the property comprised in the gift shall be determined by three (3) disinterested appraisers appointed by the governor, and a gift may not be accepted by any institution named in section 1 of this chapter or by the state itself unless it is approved by the governor. [Pre-2007 Higher Education Recodification Citation: 4-24-2-3.] As added by P.L.2-2007, SEC.271.