Sec. 13. “Grant” means money received under a written agreement or written agreements for a grant or gift from any one (1) or more of the following sources:

(1) The United States government or its agencies.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 21-34-1-13

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
(2) The state or any of its agencies.

(3) A private corporation, individual, trust, or foundation, if the money is provided for the purpose of acquisition, improvement, renovation, or construction of building facilities that a state educational institution may lawfully undertake.

[Pre-2007 Higher Education Recodification Citation: 20-12-6-8.5(e).]

As added by P.L.2-2007, SEC.275. Amended by P.L.79-2010, SEC.4.