§ 4-3-9-5 — University lands; transfer to state; allocation of funds

In the event that any land or interest in land which
the governor determines necessary or desirable to transfer to the United
States of America pursuant to this chapter is in the name of the board
of trustees of a state-supported university, the board of trustees of that
university may, if not inconsistent with the terms and conditions of the
gift, bequest or devise, if any, by which the university received the land
or interest in land, transfer such interest to the state of Indiana without
consideration, or for a nominal or substantial sum, or for a period of
years, or in exchange for lands of the state, or on such other terms as
the governor and the board of trustees of the university may agree. The
state budget agency, with the approval of the governor, shall allocate
and transfer to the university from any funds which may be
appropriated for use to accomplish the purposes of this chapter any
sum of money agreed upon by the governor and the board of trustees
pursuant to this section. The allocation of funds shall be in addition to,
and not a part of, any other appropriation made to the university.
As added by Acts 1977, P.L.25, SEC.1.