Indiana Code 21-30-7-10. State educational institution; gift disclosure
Current as of: 2024 | Check for updates
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Sec. 10. (a) A state educational institution shall disclose to the commission any gift of any value received directly or indirectly from any foreign source located in a foreign adversary as follows:
(2) For a disclosable gift received after June 30, 2024, biannually on January 1 and July 1 of each subsequent year.
(1) For a disclosable gift received after December 31, 2020, and before July 1, 2024, not later than September 1, 2024.
Terms Used In Indiana Code 21-30-7-10
- affiliate organization: means any entity under the control of, or established for the benefit of, a state educational institution, including a direct-support organization. See Indiana Code 21-30-7-1
- foreign adversary: includes the following:
Indiana Code 21-30-7-4
- foreign source: means any of the following:
Indiana Code 21-30-7-6
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- gift: means any gift, grant, endowment, award, or donation of money or property of any kind, or any combination thereof, including a conditional or unconditional promise, pledge, or agreement to make a gift, endowment, award, or donation. See Indiana Code 21-30-7-7
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) A gift received from a foreign source through an intermediary or affiliate organization is considered an indirect gift to a state educational institution and is subject to the disclosure required by subsection (a).
As added by P.L.142-2024, SEC.1.