Sec. 2. (a) This section applies to the board of trustees of the following state educational institutions:

(1) Ball State University.

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(2) Indiana University.

(3) Indiana State University.

(4) Purdue University.

(5) University of Southern Indiana.

     (b) The board of trustees of a state educational institution shall award financial aid in the best interests of the institution and the state.

[Pre-2007 Higher Education Recodification Citation: 20-12-1-2(a)(8) part.]

As added by P.L.2-2007, SEC.256.