1. (a) The board of trustees of a state educational institution may:

   1. (1) deposit to the credit of the building facilities funds of the state educational institution; or

   2. (2) use for any of the purposes of this article without making a deposit in the building facilities funds;

      any other funds from any source that may be available for any of the purposes of the building facilities funds from whatever source derived.

2. (b) The funds subject to subsection (a) include the following:

   1. (1) Student tuition and other fees, earnings, charges, rentals, interest on permanent endowment funds or other interest, or other income.
   2. (2) Gifts or grants from the federal government or any federal agency or instrumentality or any public or private corporation, association, or person.

   3. (3) State appropriations made specifically for any of the purposes of this article.

      [Pre-2007 Higher Education Recodification Citation: 20-12-6-5(b).]

As added by P.L.2-2007, SEC.275.