Lease; criteria

Ind. Code § 21-31-5-3, under Chapter 5. Lease of Property for Military Training.

Ind. Code § 21-31-5-3

Sec. 3. A lease described in this chapter: (1) must be for consideration; (2) must be for a period not in excess of thirty (30) years; and (3) may contain other terms determined by the board of trustees of the state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-10-1 part.] As added by P.L.2-2007, SEC.272.