§ 21-33-3-7 — Board; authority to lease property

Indiana § 21-33-3-7

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 33: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 3: Projects for Land, Buildings, and Facilities; Repair and

Text

In addition to projects authorized by the
general assembly, the board of trustees of a state educational institution
may engage in a project:
(1) to lease, other than a project to lease-purchase, a building or
facility; and
(2) for which the annual cost of the project exceeds five hundred
thousand dollars ($500,000);
only if the project is reviewed by the commission for higher education
and approved by the governor, on recommendation of the budget
agency. The review by the commission for higher education must be
completed not later than ninety (90) days after the project is submitted
for review.
[Pre-2007 Higher Education Recodification Citation:
20-12-5.5-2(a)(3).]

Legislative History

As added by P.L.2-2007, SEC.274. Amended by P.L.31-2010, SEC.6; P.L.143-2014, SEC.9.