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 may lease to any corporation, limited liability company, partnership, association, or individual real estate, title to which is in the name of:

   1. (1) the state educational institution; or

   2. (2) the state for the use and benefit of the state educational institution.

      [Pre-2007 Higher Education Recodification Citation: 20-12-1-2(a)(11).]

As added by P.L.2-2007, SEC.272.