Indiana § 21-28-4-5 Agreements

Indiana Statutes

§ 21-28-4-5 — Agreements

Indiana·Title 21 HIGHER EDUCATION·Art. 28 STATE EDUCATIONAL INSTITUTIONS:·Ch. 4 Joint Building and Financing Agreements; Joint

An agreement:

(1)must provide for the following:

(A)Its duration.

(B)Its purpose.

(C)The manner of:

(i)financing, staffing, and supplying the joint undertaking; and

(ii)establishing and maintaining a budget for the joint undertaking.

(D)The methods that may be employed to:

(i)accomplish the partial or complete termination of the agreement; and

(ii)dispose of property upon partial or complete termination.

(E)Administration through a separate legal entity.

(F)With respect to a separate legal entity:

(i)the nature;

(ii)the organization;

(iii)the composition; and

(iv)the powers; of the separate legal entity; and

(2)may provide for any other appropriate matters. [Pre-2007 Higher Education Recodification Citation: 20-12-65-4(a).]

Free access — add to your briefcase to read the full text and ask questions with AI

An agreement:
(1) must provide for the following:
(A) Its duration.
(B) Its purpose.
(C) The manner of:
(i) financing, staffing, and supplying the joint undertaking;
and
(ii) establishing and maintaining a budget for the joint
undertaking.
(D) The methods that may be employed to:
(i) accomplish the partial or complete termination of the
agreement; and
(ii) dispose of property upon partial or complete termination.
(E) Administration through a separate legal entity.
(F) With respect to a separate legal entity:
(i) the nature;
(ii) the organization;
(iii) the composition; and
(iv) the powers;
of the separate legal entity; and
(2) may provide for any other appropriate matters.
[Pre-2007 Higher Education Recodification Citation:
20-12-65-4(a).]