§ 21-36-4-1 Applicability
§ 21-36-4-2 Rule of statutory construction
§ 21-36-4-3 “Monetize”
§ 21-36-4-4 Approval of agreement to monetize a capital asset; conditions
§ 21-36-4-5 Property tax exemption
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Terms Used In Indiana Code > Title 21 > Article 36 > Chapter 4 - Monetizing Capital Assets

  • monetize: refers to an exchange of part or all of the possession and control of a capital asset or security of a state educational institution, without a transfer of ownership, for a period of time in return for cash or future revenue as specified in a written agreement between the state educational institution and a third party. See Indiana Code 21-36-4-3
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5