IC 21-31-7
    Chapter 7. Purdue University; Airport

IC 21-31-7-1
Authority to declare public use of the university airport and itsfacilities
    Sec. 1. (a) The board of trustees of Purdue University may:
        (1) declare all or any part of the Purdue University Airport andits facilities a public airport; and
        (2) authorize by contract, license, lease, or otherwise, public useof the airport and its facilities.
    (b) The board of trustees may determine the term and applicationof an agreement entered into under this section. This section does notapply to facilities required solely for educational or researchactivities at Purdue University.
As added by P.L.2-2007, SEC.272.

IC 21-31-7-2
Tax exemption
    Sec. 2. Notwithstanding any other law, the leasehold estate of anylessee or the lessee's assigns described in this chapter, including anypermanent structure erected on the property by the lessee, or thelessee's assigns, is exempt from property taxation.
As added by P.L.2-2007, SEC.272.

IC 21-31-7-3
Board; management of university airport
    Sec. 3. The control of the Purdue University Airport is under theboard of trustees of Purdue University. The board of trustees may dothe following:
        (1) Establish standards and promulgate reasonable rules andregulations, consistent with state and federal rules regardingmatters governing the use of Purdue University Airport as apublic airport.
        (2) Establish, collect, and receive reasonable fees for the use ofPurdue University Airport and its facilities.
        (3) Accept, receive, and receipt for federal money, and othermoney, either public or private:
            (A) for the acquisition, construction, enlargement,improvement, maintenance, equipment, or operation of:
                (i) Purdue University Airport;
                (ii) other air navigation facilities incident to PurdueUniversity Airport; and
                (iii) sites for Purdue University Airport; and
            (B) to comply with the laws of the United States, the state,and any related rules and regulations for the expenditure ofthe money upon the Purdue University Airport and other airnavigation facilities incident to Purdue University Airport.
        (4) Effectuate the purpose and intent of this chapter.
As added by P.L.2-2007, SEC.272.