Title 21, TITLE 21. HIGHER EDUCATION

Sec. 8. "Regional campus" means Indiana State University ) Regional Campus Evansville, a regional campus managed by the Indiana State University board of trustees before July 1, 1985. [Pre-2007 Higher Education Recodification Citation: 20-12-64-2.] As added by P.L.2-2007, SEC.274…

Sec. 9. "Repair and rehabilitation project" means a project to do any of the following: (1) Repair, rehabilitate, remodel, renovate, reconstruct, or finish existing facilities or buildings, or both, or take any combination of those actions. (2) Improve, replace, or add utilities,…

Sec. 1. This article applies to all state educational institutions. [Pre-2007 Higher Education Recodification Citation: 20-12-6-1 part.] As added by P.L.2-2007, SEC.275.

Sec. 10. "Cost" means: (1) all or any part of the cost of construction and acquisition of all lands, structures, real or personal property, rights, rights-of-way, franchises, easements, and interests acquired or used under this article. (2) the cost of demolishing or removing any…

Sec. 11. "Eligible members" includes all: (1) state educational institutions; and (2) private postsecondary educational institutions. [Pre-2007 Higher Education Recodification Citation: 20-12-6-1.2(b)(4).] As added by P.L.2-2007, SEC.275.

Sec. 12. "Fee replacement" means payments to a state educational institution to be used to pay indebtedness resulting from financing the cost of: (1) planning; (2) purchasing; (3) rehabilitation; (4) construction; (5) repair; (6) leasing; (7) lease-purchasing; or (8) otherwise ac…

Sec. 13. "Grant" means money received under a written agreement or written agreements for a grant or gift from any one (1) or more of the following sources: (1) The United States government or its agencies. (2) The state or any of its agencies. (3) A private corporation, individu…

Sec. 14. "Grant anticipation loan" refers to a loan entered into under IC 21-34-7-1. [2007 Higher Education Recodification Citation: New.] As added by P.L.2-2007, SEC.275.

Sec. 14.2. "Grant anticipation note" refers to a note executed to evidence a grant anticipation loan. As added by P.L.79-2010, SEC.5.

Sec. 15. "Indenture" refers to an indenture issued under this article for the issuance of bonds. [2007 Higher Education Recodification Citation: New.] As added by P.L.2-2007, SEC.275.

Sec. 16. "Joint use agreements" means agreements between two (2) or more state educational institutions providing for the joint use of building facilities. [Pre-2007 Higher Education Recodification Citation: 20-12-6-9(a) part.] As added by P.L.2-2007, SEC.275.

Sec. 17. "Liability" means legal liability for damages (including costs of defense, legal costs and fees, and other claims expenses) because of injuries to other persons or entities, damage to their property or business, or other damage or loss to those persons or entities result…

Sec. 18. "Liability or other loss insurance reserves" means a fund set aside as a reserve to cover risk retained by the corporation in connection with a liability claim or other loss. [Pre-2007 Higher Education Recodification Citation: 20-12-6-1.2(b)(2).] As added by P.L.2-2007, …

Sec. 19. "Resolution" in a provision of this article concerning the issuance of bonds refers to a resolution adopted by the board of trustees of a state educational institution related to the issuance of bonds. [2007 Higher Education Recodification Citation: New.] As added by P.L…

Sec. 2. This article does not apply to the acquisition, construction, financing, or refinancing of any revenue producing facility that a state educational institution is authorized to acquire, construct, or finance under IC 21-35-2 or IC 21-35-3. [Pre-2007 Higher Education Recodi…

Sec. 20. "Risk retention group" means a trust, pool, corporation, partnership, or joint venture funded by and owned and operated for the benefit of more than one (1) eligible member. [Pre-2007 Higher Education Recodification Citation: 20-12-6-1.2(b)(3).] As added by P.L.2-2007, S…

Sec. 3. This article does not repeal, modify, or amend any Indiana law in effect on March 10, 1965, but is supplemental to the laws of this state in effect on March 10, 1965. [Pre-2007 Higher Education Recodification Citation: 20-12-6-18.] As added by P.L.2-2007, SEC.275. IC 21-3…

Sec. 5. The definitions in this chapter apply throughout this article. [2007 Higher Education Recodification Citation: New.] As added by P.L.2-2007, SEC.275.

Sec. 6. "Bond" means (1) bonds (including refunding bonds); (2) notes; (3) temporary, interim, or permanent certificates of indebtedness; (4) debentures; or (5) other obligations; evidencing indebtedness for borrowed money under this article. The term does not include installment…

Sec. 7. "Building facility" means the following: (1) Any buildings, structures, improvements, or facilities. (2) Any utilities, other services, and appurtenances related to an item described in subdivision (1) (including facilities for the production and transmission of heat, lig…

Sec. 8. "Building facilities fee" refers to a building facilities fee imposed under IC 21-34-5-1. [2007 Higher Education Recodification Citation: New.] As added by P.L.2-2007, SEC.275.

Sec. 9. "Building facilities fund" refers to a building facilities fund established under IC 21-34-5-3. [2007 Higher Education Recodification Citation: New.] As added by P.L.2-2007, SEC.275.

before July 1, 2012 Sec. 1. (a) As used in this section, "contract" refers to a contract or guarantee entered into by the state student assistance commission (before its abolishment on July 1, 2012) or by the state student assistance commission (as it existed before the enactment…

commission to commission for higher education Sec. 2. (a) The state student assistance commission established by IC 21-11-2-1 (before its repeal) is abolished. (b) The following are transferred on July 1, 2012, from the state student assistance commission to the commission for hi…

Sec. 3. Any reference to the Indiana commission for postsecondary proprietary education or the Indiana commission on proprietary education in any statute or rule shall be treated: (1) after June 30, 2012, as a reference to the board for proprietary education established by IC 21-…

before July 1, 2012, relating to proprietary educational institutions Sec. 4. (a) Changes made by P.L.218-1987 do not affect: (1) rights or liabilities accrued; (2) penalties incurred; (3) crimes committed; or (4) proceedings begun; before July 1, 1987. These rights, liabilities,…

Sec. 5. (a) The Indiana commission on proprietary education is abolished on July 1, 2012. (b) Unless otherwise specified in a memorandum of understanding described in subsection (e), the following are transferred on July 1, 2012, from the Indiana commission on proprietary educati…

Sec. 6. (a) As used in this section, "high school" has the meaning set forth in IC 20-18-2-7. (b) The commission shall provide each high school in Indiana with the names of the students of that high school who have filed for financial aid if the high school has entered into an ag…

Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.165-1996, SEC.1.

Sec. 10. "Contributor" means any individual, emancipated minor, trust, estate, partnership, association, company, corporation, or qualified custodian under the Uniform Transfers to Minors act (IC 30-2-8.5) that makes a deposit for the benefit of an account beneficiary. As added b…

As added by P.L.25-1999, SEC.4. Repealed by P.L.135-2002, SEC.30.

Sec. 11. "Education savings program" means: (1) a trust program; or (2) any other program established under IC 21-9-3 that qualifies as a qualified state tuition program under Section 529 of the Internal Revenue Code. As added by P.L.165-1996, SEC.1. Amended by P.L.85-2000, SEC.2…

Sec. 12. "Endowment fund" means the endowment fund established under IC 21-9-5 for the benefit of the education savings programs that: (1) may be funded periodically from gifts, bequests, devises, or other donations, or from any source not otherwise provided for; and (2) may not …

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

Sec. 14. "Financial institution" means a bank, a commercial bank, a national bank, a savings bank, a savings and loan, a thrift, a credit union, an insurance company, a trust company, an investment company, a mutual fund, or similar entity that meets the qualifying requirements e…

Sec. 15. "General operating fund" means the general operating fund established under IC 21-9-5 from which general operating, administrative, and capital expenses (other than those payable from the administrative account) may be paid. As added by P.L.165-1996, SEC.1.

As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.9. Repealed by P.L.2-2007, SEC.390.

Sec. 16.5. "Internal Revenue Code" means the Internal Revenue Code of 1986 of the United States as amended from time to time. As added by P.L.135-2002, SEC.10.

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

Sec. 17.5. (a) "Member of the family" means an individual who is one (1) of the following relatives of a designated beneficiary: (1) A lineal descendant of the designated beneficiary. (2) A lineal ancestor of the designated beneficiary. (3) A brother, sister, stepbrother, or step…

Sec. 18. "Program account" means the program account of the trust fund established under IC 21-9-5. A program account is comprised of: (1) trust accounts; and (2) other contributions or money received in trust by the authority together with allocable earnings (whether interest, g…

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

Sec. 19.5. "Qualified higher education expenses" has the meaning set forth in Section 529 of the Internal Revenue Code. As added by P.L.25-1999, SEC.6. Amended by P.L.135-2002, SEC.13.

Sec. 19.7. "Rollover distribution" means a rollover as defined in Section 529 of the Internal Revenue Code. As added by P.L.25-1999, SEC.7. Amended by P.L.135-2002, SEC.14.

Sec. 2. "Account" or "individual account" means a trust account or any other account of an education savings program. As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.3.

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

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

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

Sec. 22.1. "Trust account" means a trust account established by a contributor in the trust program by or for the benefit of an account beneficiary. As added by P.L.135-2002, SEC.15.

Sec. 23. "Trust fund" means the trust fund created under IC 21-9-5 for purposes of any trust program under IC 21-9-7 and IC 21-9-8. As added by P.L.165-1996, SEC.1. Amended by P.L.135-2002, SEC.16.