Ind. Code § 21-36-3-7
The board of trustees of a state educational institution may give or sell real estate in the manner provided by this chapter to:
(3) a political subdivision;
for any or no consideration, as determined by the board of trustees of the state educational institution and the governmental entity to which the real estate is transferred.
[Pre-2007 Higher Education Recodification Citation: 20-12-11-2(c).]
As added by P.L.2-2007, SEC.277.