CHAPTER 10. MISCELLANEOUS PROVISIONS

IC 21-9-10
    Chapter 10. Miscellaneous Provisions

IC 21-9-10-1
Purchases; acquisition and disposition of property
    Sec. 1. The authority may:
        (1) contract for the purchase of supplies, goods, or services; and
        (2) acquire and dispose of any real or personal property withoutregard to IC 4-13 and IC 5-22.
As added by P.L.165-1996, SEC.1. Amended by P.L.49-1997,SEC.62.

IC 21-9-10-2
Exemption of accounts from state taxation
    Sec. 2. (a) Accounts and all earnings or interest on accounts areexempt from taxation in Indiana to the extent that those accounts,earnings, and interest are exempt from federal taxation under theInternal Revenue Code, subject to any penalties that are establishedfor education savings programs under this article.
    (b) Distributions under IC 6-3-2-19 from an account used to payqualified higher education expenses are exempt from the adjustedgross income tax imposed by IC 6-3-1 through IC 6-3-7.
As added by P.L.165-1996, SEC.1. Amended by P.L.15-2001, SEC.2;P.L.135-2002, SEC.29.

IC 21-9-10-3
No responsibility by state or higher education institutions to fulfillobligations of authority
    Sec. 3. This article may not be construed as an obligation of thestate or a college or university to assume any responsibility forfulfilling any obligation of the authority or any education savingsprogram.
As added by P.L.165-1996, SEC.1. Amended by P.L.2-2007,SEC.251.

IC 21-9-10-4
Liberal construction of article
    Sec. 4. This article shall be construed liberally to effectuate thepurposes and objectives of this article. The purposes and objectivesof this article and the provisions of this article that grant powers shallbe broadly interpreted to effectuate the article's purposes andobjectives and not to imply any limitation of powers.
As added by P.L.165-1996, SEC.1.