CHAPTER 4. JOINT USE AGREEMENTS

IC 21-34-4
    Chapter 4. Joint Use Agreements

IC 21-34-4-1
Joint use agreements; use
    Sec. 1. (a) It is the policy of the state to encourage the joint use ofbuilding facilities by any two (2) or more state educationalinstitutions under the jurisdiction of the board of trustees of eachstate educational institution whenever the boards of trustees of therespective state educational institutions find that the joint use would:
        (1) benefit their respective state educational institutions; and
        (2) be to the advantage of the state.
    (b) When the findings described in subsection (a) are made by theboards of trustees of the respective state educational institutions, theboard of trustees of each state educational institution that makes thefindings may enter into and perform a joint use agreement providingfor the joint use of building facilities.
    (c) A joint use agreement may contain the provisions, terms, andconditions pertaining to the acquisition, construction, financing, anduse of building facilities, not inconsistent with this article, as may beapproved by the boards of trustees of each state educationalinstitution that is a party to the joint use agreement.
As added by P.L.2-2007, SEC.275.

IC 21-34-4-2
Joint use agreements; contents
    Sec. 2. A joint use agreement may provide, among other things,that any board of trustees of a state educational institution that is aparty to the joint use agreement may lease or sublease for any termnot exceeding forty (40) years any building facility acquired by theboard of trustees of the state educational institution or the use ofwhich is or may be available to the board of trustees of the stateeducational institution or any part of the building facilities to one (1)or more other boards of trustees of a state educational institution thatare parties to the joint use agreement.
As added by P.L.2-2007, SEC.275.

IC 21-34-4-3
Joint use agreements; power to acquire property by condemnation
    Sec. 3. A joint use agreement may provide, among other things,that the board of trustees of each state educational institution that isa party to the joint use agreement may for the purpose of performingthe joint use agreement, exercise jointly any and all of the powersthat are severally conferred on the board of trustees of each stateeducational institution that is a party to the joint use agreement bythis article, including the power to acquire property bycondemnation.
As added by P.L.2-2007, SEC.275.

IC 21-34-4-4 Joint use agreements; title to real and personal property
    Sec. 4. A joint use agreement may provide, among other things,that:
        (1) title to the real and personal property acquired or to beacquired for the joint use of the board of trustees of each stateeducational institution that is a party to the joint use agreementmay be taken and held in the name of the board of trustees ofany one (1) of the state educational institutions, subject to theprovisions of the joint use agreement respecting the joint use ofthe property; or
        (2) title to some or all of the real or personal property acquiredor to be acquired for the joint use of the board of trustees ofeach state educational institution that is a party to the joint useagreement may be taken and held jointly in the names of all theboards of trustees of the state educational institutions that areparties to the joint use agreement, as tenants in common, withthe divisions of ownership interests that are provided in thejoint use agreement and in the documents evidencing the title tothe property.
As added by P.L.2-2007, SEC.275.