Ind. Code ch. 21-31-5

in effect

Ind. Code § 21-31-5-1 Application of chapter

Sec. 1. This chapter applies to the following state educational institutions: (1) Ball State University. (2) Indiana State University. (3) Indiana University. (4) Purdue University. [2007 Higher Education Recodification Citation: New.] As added by P.L.2-2007, SEC.272.

Ind. Code § 21-31-5-2 Authority to lease for the establishment of military, naval, or scientific training schools

Sec. 2. The board of trustees of a state educational institution may lease land to the United States for the establishment of military, naval, or scientific training schools or institutions. [Pre-2007 Higher Education Recodification Citation: 20-12-10-1 part.] As added by P.L.2-2007, SEC.272.

Ind. Code § 21-31-5-3 Lease; criteria

Sec. 3. A lease described in this chapter: (1) must be for consideration; (2) must be for a period not in excess of thirty (30) years; and (3) may contain other terms determined by the board of trustees of the state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-10-1 part.] As added by P.L.2-2007, SEC.272.

Ind. Code § 21-31-5-4 Authority to lease land acquired from a trust

Sec. 4. Land leased under this chapter may be land acquired from any source, including from a trust. [Pre-2007 Higher Education Recodification Citation: 20-12-10-1 part.] As added by P.L.2-2007, SEC.272.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026