Sec. 1. This chapter applies to a county, city, town, or township in which a state educational institution is located whenever:

(1) at least:

(A) fifty (50) freeholders and taxpayers of the political subdivision, if the political subdivision is a county; or

(B) twenty-five (25) freeholders of the political subdivision, if the political subdivision is a city, town, or township;

petition the legislative body of the political subdivision to make a donation to a state educational institution that is located in the political subdivision;

(2) the donation proposed in the petition does not exceed:

(A) twenty-five thousand dollars ($25,000), if the petition is made to a county or city; or

(B) ten thousand dollars ($10,000), if the petition is made to a township or town; and

(3) neither the political subdivision nor any other political subdivision in the same county has made another donation to the state educational institution under this chapter, IC 21-7-1 (before its repeal), or Acts 1897, c.39, s.2 (before its repeal).

[Pre-2007 Higher Education Recodification Citations: 21-7-1-1 part; 21-7-1-4.]

As added by P.L.2-2007, SEC.381.