A state educational institution may be a member of a postsecondary SEI affiliated educational institution if:(1) the postsecondary SEI affiliated educational institution is a public benefit corporation (as defined in IC 23-17-2-23);(2) the postsecondary SEI affiliated educational institution is controlled by the state educational institution;(3) in the judgment of the board of trustees, it is in the best interest and consistent with the mission of the state educational institution; and(4) any contributions or other financial support made to the postsecondary SEI affiliated educational institution by the state educational institution consist solely of eligible property.As added by P.L.217-2017, SEC.148.
Indiana Legal Code