Ind. Code § 21-32-2-3

Current through P.L. 171-2024

Section 21-32-2-3 - Additional powers of state educational institution

(a) A state educational institution may:

(1) negotiate:

(A) a loan;

(B) a line of credit; or

(C) any other credit facility; and

(2) issue a note for a credit facility;

with any institution or entity on the terms and conditions that the state educational institution determines.

(b) A state educational institution may make the determinations under this section by:

(1) the adoption of a resolution; or

(2) the approval of an agreement between the state educational institution and the institution or entity.

IC 21-32-2-3

Pre-2007 Higher Education Recodification Citation: 20-12-9.5-4.

As added by P.L. 2-2007, SEC.273.