Title 21, HIGHER EDUCATION

Sec. 13. The board of trustees of Vincennes University shall: (1) establish a library, in and for the use of the students, professors and other members of Vincennes University, to consist of the books and experimental apparatus that the board of trustees determines is proper for …

Sec. 13.5. The board of trustees of Indiana State University may not lease or transfer any ownership interest in the Indiana State University Hulman Center in Terre Haute unless the proposed lease or transfer of an ownership interest has been reviewed by the budget committee. As …

Sec. 2. The board of trustees of Ball State University may receive, administer, and dispose of all donations, bequests, grants, funds, and other property that is given to the state educational institution or is otherwise acquired by Ball State University. [Pre-2007 Higher Educati…

Sec. 3. The board of trustees of Indiana State University may hold in trust all funds and property that is provided for Indiana State University. [Pre-2007 Higher Education Recodification Citation: 20-12-56-2 part.] As added by P.L.2-2007, SEC.272.

Sec. 4. The board of trustees of Indiana University may: (1) possess all the real and personal property of Indiana University for its benefit; (2) take and hold, in their corporate name, any real or personal property for the benefit of Indiana University; and (3) expend the incom…

Sec. 5. The board of trustees of Ivy Tech Community College may hold, encumber, control, acquire by donation or purchase, construct, own, lease, use, and sell real and personal property as is necessary for the conduct of its program of operation, on whatever terms and for whateve…

Sec. 6. The board of trustees of Purdue University shall take in charge, have, hold, possess, and manage all: (1) property and money comprehended in the donations; (2) funds derived from the sale of the land scrip donated under the act of Congress and the increase of those funds;…

Sec. 7. The University of Southern Indiana may receive, administer, and dispose of all donations, bequests, grants, funds, and other property that is given to the state educational institution or otherwise acquired by the University of Southern Indiana. [Pre-2007 Higher Education…

Sec. 8. The board of trustees of Vincennes University, in the name of the board of trustees purchasing, holding, leasing, and conveying, may purchase, hold, lease, and convey any estate, real or personal, for the use of Vincennes University. [Pre-2007 Higher Education Recodificat…

Sec. 9. The board of trustees of Vincennes University may erect, purchase, or hire, as the board of trustees determines most expedient, suitable buildings to carry out the purposes of Vincennes University. [Pre-2007 Higher Education Recodification Citation: 23-13-18-8(1).] As add…

Sec. 1. The powers of a state educational institution under this chapter are in addition to all other powers of the state educational institution to issue obligations. [Pre-2007 Higher Education Recodification Citation: 20-12-9.5-6.] As added by P.L.2-2007, SEC.273.

Sec. 2. A state educational institution may do any of the following: (1) Borrow funds on a temporary basis in anticipation of the issuance of long term obligations. (2) Use the proceeds of a temporary borrowing for any purpose for which the institution could issue or incur obliga…

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 determ…

Sec. 4. A state educational institution may pledge and assign for the benefit of holders of: (1) temporary obligations; or (2) a credit facility; under this chapter any security that the state educational institution may pledge and assign for the payment of bonds or notes under I…

Sec. 1. This chapter applies to all state educational institutions. [2007 Higher Education Recodification Citation: New.] As added by P.L.2-2007, SEC.274.

Sec. 2. The facilities planning fund is established at each state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-5.5-1.5 part.] As added by P.L.2-2007, SEC.274.

Sec. 3. The assets of the fund may be used only to pay for the preliminary planning of academic facilities. [Pre-2007 Higher Education Recodification Citation: 20-12-5.5-1.5 part.] As added by P.L.2-2007, SEC.274.

Sec. 4. An academic facility construction budget must include sufficient funds to reimburse the fund for all funds allocated under section 3 of this chapter for the preliminary planning of an academic facility. [Pre-2007 Higher Education Recodification Citation: 20-12-5.5-1.5 par…

Sec. 5. If approved by the commission for higher education, Ball State University may pay for project costs related to architectural, engineering, and consulting services for the construction and renovation of health and basic sciences facilities, including Cooper Science, in exc…

Sec. 1. The board of trustees of a state educational institution may establish liability or other loss insurance reserves or contribute those reserves or other capital to a risk retention group to provide insurance coverage against liability claims. [Pre-2007 Higher Education Rec…

Sec. 1. This chapter applies to the following state educational institutions: (1) Ball State University. (2) Indiana University. (3) Indiana State University. (4) Purdue University. (5) University of Southern Indiana. [Pre-2007 Higher Education Recodification Citation: 20-12-7-1 …

Sec. 10. (a) If: (1) a state educational institution receives by gift, benefaction, or other means any structures or equipment: (A) located on real estate, title to which is in the name of the state, for the use and benefit of: (i) the state educational institution; or (ii) the b…

Sec. 11. To raise funds for the acquisition of property and the erection, construction, remodeling, renovation, furnishing, and equipping of property, the board of trustees of a state educational institution may issue and sell bonds of the state educational institution. [Pre-2007…

Sec. 12. Bonds, and the interest on the bonds, may be secured by pledge or mortgage of: (1) any property, real or personal, used or acquired or to be acquired and used for the purposes described under this chapter and the improvements made or to be made on the property; (2) the n…

Sec. 13. The lien of the pledge or mortgage, to the extent of the lien, as: (1) determined and provided by the board of trustees; and (2) authorized under this chapter; is a first and primary lien for the payment of the bonds secured and the interest on the bonds. [Pre-2007 Highe…

Sec. 14. Bonds may be issued for the amount or amounts as the board of trustees determines. However, these amounts may not exceed: (1) the total estimated cost of acquiring, erecting, constructing, remodeling, renovating, completing, equipping, and furnishing any property as the …

Sec. 15. (a) Bonds may be issued in the denominations and with the maturities as the respective trustees determine, and, in the discretion of the respective trustees, the bonds may be sold either at public or negotiated sale as provided by IC 21-32-3. (b) The rate or rates of int…

Sec. 16. Bonds and the pledge or mortgage securing the bonds, shall be issued, and made in the name, and on behalf of the state educational institution by the officer or officers that the board of trustees designates. [Pre-2007 Higher Education Recodification Citation: 20-12-7-2(…

Sec. 17. Indebtedness, a bond, or an obligation incurred or created under the authority of this chapter may not be or become: (1) an indebtedness of or liability against the state of Indiana or a state educational institution; or (2) a lien or charge against the property or funds…

Sec. 18. The board of trustees may furnish heat, light, power, and other like facilities or service to any or all of the buildings, structures, or improvements contemplated by this chapter from the plant or plants or facilities of the state educational institution with or without…

Sec. 19. All: (1) property acquired under authority of this chapter or used for the purposes provided in this chapter; and (2) bonds issued under the authority of this chapter, together with the interest on the bonds; are exempt from taxation. [Pre-2007 Higher Education Recodific…

Sec. 2. This chapter applies to the following property: (1) Athletic field houses. (2) Gymnasiums. (3) Student unions. (4) Halls of music. [Pre-2007 Higher Education Recodification Citation: 20-12-7-1 part.] As added by P.L.2-2007, SEC.276.

Sec. 20. (a) Except as provided in this section, contracts to acquire land for or to construct, purchase, lease, sublease, or otherwise acquire, or to engage architectural or engineering services in connection with any buildings, structures, equipment, and improvements to be fina…

Sec. 21. (a) Bonds may not be issued by the board of trustees of a state educational institution under this chapter without the specific approval of: (1) the budget agency if: (A) the bonds are issued for the refunding or advance refunding of any outstanding bonds approved as req…

Sec. 22. Bonds may not be issued by any of the institutions under this chapter unless the general assembly has provided for the bonds by establishing in the appropriation act the amount of bonds that the institutions may issue for the purposes described in section 14(1) of this c…

Sec. 23. An action to contest the validity of any bonds issued under this chapter may not be brought after the fifteenth day following: (1) the first publication of notice of the sale or intent to sell the bonds under IC 21-32-3 if the bonds are sold at public sale; or (2) the pu…

Sec. 3. This chapter may not be construed to repeal, modify, or amend any Indiana law in effect on March 8, 1929, but shall be construed to be supplemental to any Indiana law in effect on March 8, 1929. [Pre-2007 Higher Education Recodification Citation: 20-12-7-10.] As added by …

Sec. 4. (a) Sections 20 through 23 of this chapter may not be construed to affect the validity of: (1) any contracts executed before March 9, 1965; or (2) any bonds contracted to be sold before March 9, 1965. (b) Sections 20 through 23 of this chapter do not apply to: (1) any fac…

Sec. 5. (a) Acts 1977, P.L.250 does not affect the issuance of bonds for projects approved by the budget committee and the governor before July 1, 1977. (b) The termination of bonding authority under Acts 1977, P.L.250 does not prevent, limit, or affect the issuance of bonds unde…

Sec. 6. The board of trustees of a state educational institution may, as the board of trustees finds necessary, erect, construct, complete, equip, furnish, operate, control, and manage property with another state educational institution for the purposes of the state educational i…

Sec. 7. The board of trustees of a state educational institution may acquire under this chapter or any other law, by: (1) purchase; (2) lease; (3) condemnation; (4) gift; or (5) other means; any property, real or personal, that in the judgment of the board of trustees is necessar…

Sec. 8. The board of trustees may use for the state educational institution's purposes any real or personal property acquired by the state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-7-1 part.] As added by P.L.2-2007, SEC.276.

Sec. 9. Title to all property acquired by the state educational institution, including the improvements on the property, shall be taken and held in the name of the board of trustees in their corporate capacity for purposes of this chapter. [Pre-2007 Higher Education Recodificatio…

Sec. 1. This chapter applies to the disposal of surplus real or personal property by a state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-5-5(a).] As added by P.L.2-2007, SEC.277.

Sec. 2. Whenever surplus real property or personal property is disposed of by acceptance of bids, a bid submitted by a trust must identify each: (1) beneficiary of the trust; and (2) settlor empowered to revoke or modify the trust. [Pre-2007 Higher Education Recodification Citati…

Sec. 1. The board of trustees of Ball State University may let contracts. [Pre-2007 Higher Education Recodification Citation: 20-12-57.5-11(c).] As added by P.L.2-2007, SEC.278.