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Terms Used In Indiana Code 21-31-5-2

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
   Sec. 2. The board of trustees of a state educational institution may lease land to the United States for the establishment of military, naval, or scientific training schools or institutions.

[Pre-2007 Higher Education Recodification Citation: 20-12-10-1 part.]

As added by P.L.2-2007, SEC.272.