1. (a) This section applies to the board of trustees of the following state educational institutions:

   1. (1) Ball State University.
   2. (2) Indiana University.
   3. (3) Indiana State University.
   4. (4) Purdue University.
   5. (5) University of Southern Indiana.

2. (b) The board of trustees of a state educational institution shall award financial aid in the best interests of the institution and the state.

   [Pre-2007 Higher Education Recodification Citation: 20-12-1-2(a)(8) part.]

As added by P.L.2-2007, SEC.256.