(a) A state educational institution may:(1) negotiate:(A) a loan;(B) a line of credit; or(C) any other credit facility; and(2) issue a note for a credit facility;with any institution or entity on the terms and conditions that the state educational institution determines.(b) A state educational institution may make the determinations under this section by:(1) the adoption of a resolution; or(2) the approval of an agreement between the state educational institution and the institution or entity.[Pre-2007 Higher Education Recodification Citation: 20-12-9.5-4.]As added by P.L.2-2007, SEC.273.
Indiana Legal Code