Title 21, TITLE 21. HIGHER EDUCATION

Sec. 1. The following are established: (1) The general operating fund. (2) The endowment fund. (3) The trust fund and, in the trust fund, the following: (A) The administrative account. (B) The program account. As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.4.…

account, and other money Sec. 2. The authority shall establish and implement investment policies in accordance with IC 5-13 for the following: (1) Money in the general operating fund. (2) Money in the administrative account. (3) Any other money of the authority other than money i…

As added by P.L.165-1996, SEC.1. Repealed by P.L.85-2000, SEC.6.

Sec. 4. The board shall establish and implement investment policies for money in: (1) the endowment fund; and (2) the program account; for investment in the manner provided by IC 30-4-3-3. As added by P.L.165-1996, SEC.1.

Sec. 5. The trust fund and other property of the authority must be preserved, invested, and expended only under this article and may not be used for any other purpose. The trust fund shall be held in trust for account owners and account beneficiaries. As added by P.L.165-1996, SE…

As added by P.L.165-1996, SEC.1. Repealed by P.L.135-2002, SEC.30.

Sec. 7. Criteria for management of assets in the trust fund, including investment of assets, must provide for both asset protection and income growth relative to expected tuition costs while providing for the actuarial soundness of the trust fund. As added by P.L.165-1996, SEC.1.…

Sec. 8. (a) General operating, administrative, and capital expenses of the authority may be paid from amounts appropriated for those purposes by the general assembly. Appropriations must be deposited in either the administrative account or the general operating fund, as the board…

Sec. 9. (a) The funds, accounts, management, and operations of the authority are subject to annual audit by an independent public accounting firm retained by the board. (b) The authority shall promptly transmit copies of each annual audit to the governor and the general assembly.…

Sec. 1. (a) The National Guard scholarship extension fund is established to provide the financial resources necessary to award tuition scholarships to scholarship extension applicants. (b) The commission shall administer the fund. The expenses of administering the fund shall be p…

Sec. 2. Money in the National Guard scholarship extension fund shall be used to provide annual scholarships to scholarship extension applicants in an amount determined by the commission. As added by P.L.144-2007, SEC.21.

Sec. 3. A scholarship extension applicant shall apply for a tuition scholarship under this chapter not later than one (1) year after the scholarship extension applicant ceases to be a member of the National Guard. As added by P.L.144-2007, SEC.21.

Sec. 4. A scholarship extension applicant is eligible for a tuition scholarship under this chapter for a period not to exceed the period the scholarship extension applicant served on active duty as a member of the National Guard. As added by P.L.144-2007, SEC.21.

Sec. 5. The commission shall adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.144-2007, SEC.21.

Sec. 1. (a) The senior citizens tuition fund is established to provide full or partial reimbursements to state educational institutions for the amount of tuition waived under this chapter. (b) The fund shall be administered by the commission. (c) The expenses of administering the…

Sec. 2. Except as provided in section 4 of this chapter, a state educational institution shall: (1) admit a senior citizen to a scheduled course where there is space available; and (2) grant a waiver of the tuition assessed for the course as provided in section 3 of this chapter.…

Sec. 3. The amount of the tuition waived under section 2 of this chapter must equal fifty percent (50%) of the in-state tuition assessed for the course by the state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-19.3-4(b).] As added by P.L.2-20…

Sec. 4. A state educational institution is not required to do the following: (1) Allow a senior citizen to enroll in a degree granting program, unless the senior citizen meets the admission standards of the institution. (2) Permit the full-time equivalent enrollment of senior cit…

Sec. 5. (a) A state educational institution may receive a reimbursement from the fund for an amount equal to: (1) the amount of total tuition waived under this chapter; or (2) if the amount in the fund is insufficient to cover the tuition waivers for all of the institutions, a pr…

[Pre-2007 Higher Education Recodification Citation: 20-12-19.3-7.] As added by P.L.2-2007, SEC.255. Amended by P.L.107-2012, SEC.41. Repealed by P.L.81-2019, SEC.8.

Sec. 7. This chapter does not prohibit a state educational institution from offering other educational opportunities that are not covered by this chapter to senior citizens at no charge or at a reduced charge. [Pre-2007 Higher Education Recodification Citation: 20-12-19.3-8.] As …

Sec. 1. The board of trustees and faculty of Indiana State University may appoint annually to Indiana State University at least two (2) individuals from each county in Indiana. [Pre-2007 Higher Education Recodification Citation: 20-12-60-1 part.] As added by P.L.2-2007, SEC.256.…

Sec. 2. The appointments under this chapter shall be made on the basis of scholarship and superior mental ability. [Pre-2007 Higher Education Recodification Citation: 20-12-60-1 part.] As added by P.L.2-2007, SEC.256.

Sec. 3. (a) Except as provided in subsection (b), individuals appointed under this chapter are entitled to enter, remain, and receive instruction in Indiana State University for the next school year after their appointment, upon the same conditions, qualifications, and regulation…

Sec. 4. An appointment under this chapter may be made from students eligible to enter Indiana State University or students in attendance at Indiana State University. [Pre-2007 Higher Education Recodification Citation: 20-12-60-1 part.] As added by P.L.2-2007, SEC.256.

of corporation Sec. 1. The governor may request, on behalf of the state, the establishment of a private nonprofit corporation, with a bipartisan board of directors that meets the requirements of section 1.5 of this chapter, to serve as a secondary market for education loans. If a…

per diem Sec. 1.5 (a) The board of directors of the nonprofit corporation is composed of nine (9) members. The members must be appointed as follows: (1) Five (5) members appointed by the governor. (2) One (1) member appointed by the president pro tempore of the senate. (3) One (1…

Sec. 1.6. (a) The term of a member of the board of directors is four (4) years. All terms begin on January 1. Each member holds office for the term of appointment and continues to serve after expiration of the appointment until a successor is appointed and qualified. A member is …

Sec. 10. Notwithstanding any other law, the corporation may not make grants for any purpose without approval by the budget agency and the governor after review by the budget committee. [Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(i).] As added by P.L.2-2007, S…

Sec. 11. Debts incurred by the corporation under authority of this chapter do not represent or constitute a debt of the state of Indiana within the meaning of the provisions of the statutes of Indiana or the Constitution of the State of Indiana. [Pre-2007 Higher Education Recodif…

Sec. 12. The principal of and the interest on bonds and notes issued by the corporation under this chapter are exempt from taxation of every kind by the state and by the municipalities and other political subdivisions of the state. [Pre-2007 Higher Education Recodification Citati…

Sec. 13. All: (1) banks; (2) bankers; (3) trust companies; (4) savings banks and institutions; (5) building and loan associations; (6) saving and loan associations; (7) investment companies; (8) insurance companies and associations; and (9) executors, administrators, guardians, t…

Sec. 14. The designation by the governor under section 1 of this chapter remains in effect until the general assembly provides by law for termination of the designation. [Pre-2007 Higher Education Recodification Citation: 20-12-21.2-7.] As added by P.L.2-2007, SEC.257.

Sec. 15. Except for an act of fraud or intentional misconduct, an officer or director of the corporation is not individually liable for an act or omission regarding the exercise or performance of that person's duty to the corporation. [Pre-2007 Higher Education Recodification Cit…

Sec. 16. Notwithstanding IC 26-1-9.1-310(a), a security interest in education loans is perfected by: (1) possession under IC 26-1-9.1-313; or (2) filing a financing statement in the office of the secretary of state under IC 26-1-9.1-501. [Pre-2007 Higher Education Recodification …

[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-10.] As added by P.L.2-2007, SEC.257. Amended by P.L.234-2007, SEC.51. Repealed by P.L.132-2013, SEC.8.

Sec. 2. Before designation by the governor under section 1 of this chapter, the corporation shall conduct a public hearing to give all interested parties an opportunity to review and comment upon the bylaws and method of operation of the corporation. Notice of this hearing must b…

Sec. 3. (a) The corporation must, under its articles of incorporation, limit its powers to those described in subsection (b). (b) The corporation may: (1) borrow money, only after consulting with the Indiana finance authority not less than three (3) months prior to the date the c…

Sec. 4. The corporation shall submit an annual report to the governor, which must include detailed information on the structure, operation, and financial status of the corporation. The corporation shall conduct an annual public hearing to receive comment from interested parties r…

Sec. 5. (a) The corporation shall provide in its articles of incorporation that changes in its bylaws are subject to the approval of the governor. (b) The corporation shall amend its articles of incorporation and bylaws to conform to the requirements of this chapter. [Pre-2007 Hi…

Sec. 6. The corporation is subject to audit by the state board of accounts. The corporation shall bear the full costs of this audit. [Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(e).] As added by P.L.2-2007, SEC.257. Amended by P.L.181-2015, SEC.43.

Sec. 7. The board of directors of the corporation may meet in executive session to do any of the following: (1) Discuss negotiating strategies with respect to financing arrangements or proposals, in addition to those items listed in IC 5-14-1.5-6.1. (2) Discuss, prepare bids for,…

[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(g).] As added by P.L.2-2007, SEC.257. Repealed by P.L.132-2013, SEC.6.

Sec. 9. The corporation and its transferees and pledgees, so long as they are eligible lenders under a federal program, are entitled to the benefits of any guaranty given by the commission under IC 21-16-4 or any successor to the commission with respect to education loans owned o…

Sec. 1. This chapter applies to a college, university, or junior college that: (1) is accredited by the North Central Association; and (2) is not a state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-3.5-1 part.] As added by P.L.2-2007, SEC.25…

Sec. 2. The governing board of an educational institution may do the following: (1) Appoint police officers for the educational institution for which it is responsible. (2) Prescribe the duties of police officers of the educational institution and direct their conduct. (3) Prescr…

Sec. 3. Police officers appointed under this chapter shall take an appropriate oath of office in the form and manner prescribed by the appointing governing board. The police officers serve at the pleasure of the appointing governing board. [Pre-2007 Higher Education Recodificatio…

institution police officer, offices, and boards Sec. 4. (a) Police officers appointed under this chapter have the following powers: (1) General police powers, including the power to arrest, without process, all persons who commit any offense within the view of the officer. (2) Th…

Sec. 5. (a) This section applies only to a police officer who meets the minimum basic training and educational requirements adopted by the law enforcement training board under IC 5-2-1-9 as necessary for employment as a law enforcement officer. (b) A police officer appointed unde…

Sec. 6. Whenever a police officer retires after at least twenty (20) years of service, the police officer may retain the officer's service weapon. The officer is entitled to receive, in recognition of the service to the educational institution and the public, a badge that indicat…