2016 Indiana Code
TITLE 21. HIGHER EDUCATION
ARTICLE 28. STATE EDUCATIONAL INSTITUTIONS: COOPERATIVE ARRANGEMENTS, INTERSTATE COMPACTS; EDUCATIONAL SUPPORT ENTITIES
CHAPTER 4. JOINT BUILDING AND FINANCING AGREEMENTS; JOINT LABORATORY SCHOOL AGREEMENTS
Download as PDF
<![CDATA[
IC 21-28-4
Chapter 4. Joint Building and Financing Agreements; Joint
Laboratory School Agreements
IC 21-28-4-1
Applicability of chapter
Sec. 1. This chapter applies to all state educational institutions.
As added by P.L.2-2007, SEC.269.
IC 21-28-4-2
Board; limitation of powers
Sec. 2. This chapter does not authorize the board of trustees of a
state educational institution to exercise a power under an agreement
that the board of trustees could not otherwise separately exercise
under an enabling statute.
As added by P.L.2-2007, SEC.269.
IC 21-28-4-3
Joint powers
Sec. 3. If:
(1) the board of trustees of a state educational institution wants
to exercise a power or powers conferred to it under one (1) or
more of the state educational institution's enabling statutes; and
(2) the board of trustees of one (1) or more other state
educational institutions want to exercise a power or powers
conferred to it or them under one (1) or more enabling statutes;
both or all of those boards of trustees may exercise the powers jointly
as provided in this chapter.
As added by P.L.2-2007, SEC.269.
IC 21-28-4-4
Resolutions
Sec. 4. A board of trustees that wants to exercise powers granted
in an enabling act must enter into a written agreement by resolution.
As added by P.L.2-2007, SEC.269.
IC 21-28-4-5
Agreements
Sec. 5. An agreement:
(1) must provide for the following:
(A) Its duration.
(B) Its purpose.
(C) The manner of:
(i) financing, staffing, and supplying the joint undertaking;
and
(ii) establishing and maintaining a budget for the joint
undertaking.
(D) The methods that may be employed to:
Indiana Code 2016
(i) accomplish the partial or complete termination of the
agreement; and
(ii) dispose of property upon partial or complete
termination.
(E) Administration through a separate legal entity.
(F) With respect to a separate legal entity:
(i) the nature;
(ii) the organization;
(iii) the composition; and
(iv) the powers;
of the separate legal entity; and
(2) may provide for any other appropriate matters.
As added by P.L.2-2007, SEC.269.
IC 21-28-4-6
Separate legal entities; powers
Sec. 6. A separate legal entity established by an agreement has
only the powers delegated to it by the agreement.
As added by P.L.2-2007, SEC.269.
IC 21-28-4-7
Agreement filings
Sec. 7. Before an agreement takes effect, a copy of the agreement
must be filed with the board of trustees of each state educational
institution that is a party to the agreement.
As added by P.L.2-2007, SEC.269.
IC 21-28-4-8
Agreement filings; state board of accounts
Sec. 8. Not later than sixty (60) days after an agreement takes
effect, a copy of the agreement must be filed with:
(1) the state board of accounts for audit purposes; and
(2) the budget agency.
As added by P.L.2-2007, SEC.269.
Indiana Code 2016
]]>
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
