Indiana Code 21-34-4-2. Joint use agreements; contents
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Terms Used In Indiana Code 21-34-4-2
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Sec. 2. A joint use agreement may provide, among other things, that any board of trustees of a state educational institution that is a party to the joint use agreement may lease or sublease for any term not exceeding forty (40) years any building facility acquired by the board of trustees of the state educational institution or the use of which is or may be available to the board of trustees of the state educational institution or any part of the building facilities to one (1) or more other boards of trustees of a state educational institution that are parties to the joint use agreement.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-9(b)(1).]
As added by P.L.2-2007, SEC.275.