Indiana Code 21-32-2-3. Additional powers of state educational institution
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Sec. 3. (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.
[Pre-2007 Higher Education Recodification Citation: 20-12-9.5-4.]
As added by P.L.2-2007, SEC.273.