Any qualified entity may prepare and submit to the redevelopment commission of a municipality a redevelopment plan for a project area adjacent to or in the immediate vicinity of:

1. (1) the location of:

   1. (A) the principal buildings of a nonprofit college or university; or
   2. (B) a major branch of a nonprofit college or university where teaching or research is done or where students or faculty live; and

2. (2) the area of a redevelopment or urban renewal project that has been or is being undertaken by the redevelopment commission having jurisdiction over the territory in which the project area is located.

   [Pre-2007 Higher Education Recodification Citation: 20-12-15-2 part.]

As added by P.L.2-2007, SEC.258.