The authority may acquire:

1. (1) directly;
2. (2) by and through a nonprofit college or university as the private institution's agent;
3. (3) by purchase solely from funds provided under this chapter; or

4. (4) by gift or devise;

   lands, structures, real or personal property, rights, rights-of-way, franchises, easements, and other interests in lands, including lands lying under water and riparian rights that are located in Indiana, as the authority finds necessary or convenient, for the construction or operation of a project, upon the terms and at the prices as are agreed upon between the authority and the owner of a property interest. The authority may take title to property in the authority's own name or in the name of a nonprofit college or university as the authority's agent.

   [Pre-2007 Higher Education Recodification Citation: 20-12-63-13.]

As added by P.L.2-2007, SEC.69.