Section 21-7-13-26.5 - "Postsecondary SEI affiliated educational institution"(a) "Postsecondary SEI affiliated educational institution" means a degree granting and credit bearing institution that: (1) is organized as a public benefit corporation (as described in IC 23-17-2-23) and controlled by a state educational institution;(2) is authorized under procedures approved by the executive officer of the commission under IC 21-18-12.4 to provide instructional or educational services or training in Indiana using onsite, online, or any combination of these or other instructional modalities;(3) is accredited by a recognized regional accrediting agency or is seeking or progressing toward accreditation by a recognized regional accrediting agency; and(4) has its debts and liabilities backed by the controlling state educational institution described in subdivision (1) in the form of a contribution, bond, or other surety consisting solely of eligible property (as defined in IC 21-27-10-4).(b) The term does not include the following: (1) A state educational institution.(2) A postsecondary credit bearing proprietary educational institution approved or regulated by the board for proprietary education under IC 21-18.5-6.(3) Any educational institution or educational training that:(A) is maintained or provided by an employer or employers at no charge for employees or potential employees;(B) is maintained or provided by a labor organization at no charge for its members or apprentices; or(C) offers instruction that is exclusively focused on self-improvement or exclusively intended to be motivational or avocational, including instruction in dance, music, self-defense, and private tutoring.(4) A public or nonprofit degree granting institution organized or incorporated in a jurisdiction other than Indiana that offers instructional or educational services or training in Indiana.(5) A religious institution that offers educational instruction or an educational program of a clearly religious nature.Added by P.L. 217-2017,SEC. 142, eff. 4/27/2017.