CHAPTER 4. JOINT BUILDING AND FINANCING AGREEMENTS; JOINT LABORATORY SCHOOL AGREEMENTS

IC 21-28-4

    

Chapter 4. Joint Building and Financing Agreements; Joint
Laboratory School Agreements

IC 21-28-4-1

Applicability of chapter

    

Sec. 1. This chapter applies to all state educational institutions.

As added by P.L.2-2007, SEC.269.

IC 21-28-4-2

Board; limitation of powers

    

Sec. 2. This chapter does not authorize the board of trustees of a
state educational institution to exercise a power under an agreement
that the board of trustees could not otherwise separately exercise
under an enabling statute.

As added by P.L.2-2007, SEC.269.

IC 21-28-4-3

Joint powers

    

Sec. 3. If:

        (1) the board of trustees of a state educational institution wants
to exercise a power or powers conferred to it under one (1) or
more of the state educational institution's enabling statutes; and

        (2) the board of trustees of one (1) or more other state
educational institutions want to exercise a power or powers
conferred to it or them under one (1) or more enabling statutes;

both or all of those boards of trustees may exercise the powers jointly
as provided in this chapter.

As added by P.L.2-2007, SEC.269.

IC 21-28-4-4

Resolutions

    

Sec. 4. A board of trustees that wants to exercise powers granted
in an enabling act must enter into a written agreement by resolution.

As added by P.L.2-2007, SEC.269.

IC 21-28-4-5

Agreements

    

Sec. 5. An agreement:

        (1) must provide for the following:

            (A) Its duration.

            (B) Its purpose.

            (C) The manner of:

                (i) financing, staffing, and supplying the joint undertaking;
and

                (ii) establishing and maintaining a budget for the joint
undertaking.

            (D) The methods that may be employed to:

                (i) accomplish the partial or complete termination of the
agreement; and

                (ii) dispose of property upon partial or complete
termination.

            (E) Administration through a separate legal entity.

            (F) With respect to a separate legal entity:

                (i) the nature;

                (ii) the organization;

                (iii) the composition; and

                (iv) the powers;

            of the separate legal entity; and

        (2) may provide for any other appropriate matters.

As added by P.L.2-2007, SEC.269.

IC 21-28-4-6

Separate legal entities; powers

    

Sec. 6. A separate legal entity established by an agreement has
only the powers delegated to it by the agreement.

As added by P.L.2-2007, SEC.269.

IC 21-28-4-7

Agreement filings

    

Sec. 7. Before an agreement takes effect, a copy of the agreement
must be filed with the board of trustees of each state educational
institution that is a party to the agreement.

As added by P.L.2-2007, SEC.269.

IC 21-28-4-8

Agreement filings; state board of accounts

    

Sec. 8. Not later than sixty (60) days after an agreement takes
effect, a copy of the agreement must be filed with:

        (1) the state board of accounts for audit purposes; and

        (2) the budget agency.

As added by P.L.2-2007, SEC.269.