IC 21-31-4-2 — Application of section; term of leases
Chapter 4. Leases
Section text
Sec. 2. (a) This section applies to the board of trustees of the following state educational institutions: (1) Ball State University. (2) Indiana University. (3) Indiana State University. (4) Purdue University. (5) University of Southern Indiana. (b) The board of trustees of a state educational institution may enter into a lease if the board of trustees determines that the lease is in the best interest of the state educational institution. A lease may not be executed under this chapter for a term exceeding four (4) years unless the execution is approved by the: (1) governor; and (2) budget agency.
As added by P.L.2-2007, SEC.272.
Source: official publisher (2026 edition)