Additional powers of state educational institution

Sec. 3. (a) A state educational institution may: (1) negotiate: (A) a loan; (B) a line of credit; or (C) any other credit facility; and (2) issue a note for a credit facility; with any institution or entity on the terms and conditions that the state educational institution determines. (b) A state educational institution may make the determinations under this section by: (1) the adoption of a resolution; or (2) the approval of an agreement between the state educational institution and the institution or entity. [Pre-2007 Higher Education Recodification Citation: 20-12-9.5-4.] As added by P.L.2-2007, SEC.273.