Indiana Code 21-31-2-5. Ivy Tech Community College board; authority to acquire, construct, and control real and personal property
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Terms Used In Indiana Code 21-31-2-5
- 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
Sec. 5. The board of trustees of Ivy Tech Community College may hold, encumber, control, acquire by donation or purchase, construct, own, lease, use, and sell real and personal property as is necessary for the conduct of its program of operation, on whatever terms and for whatever consideration may be appropriate.
[Pre-2007 Higher Education Recodification Citation: 20-12-61-13(a)(1).]
As added by P.L.2-2007, SEC.272.