CHAPTER 7. PURDUE UNIVERSITY; AIRPORT
IC 21-31-7
Chapter 7. Purdue University; Airport
IC 21-31-7-1
Authority to declare public use of the university airport and its
facilities
Sec. 1. (a) The board of trustees of Purdue University may:
(1) declare all or any part of the Purdue University Airport and
its facilities a public airport; and
(2) authorize by contract, license, lease, or otherwise, public use
of the airport and its facilities.
(b) The board of trustees may determine the term and application
of an agreement entered into under this section. This section does not
apply to facilities required solely for educational or research
activities at Purdue University.
As added by P.L.2-2007, SEC.272.
IC 21-31-7-2
Tax exemption
Sec. 2. Notwithstanding any other law, the leasehold estate of any
lessee or the lessee's assigns described in this chapter, including any
permanent structure erected on the property by the lessee, or the
lessee's assigns, is exempt from property taxation.
As added by P.L.2-2007, SEC.272.
IC 21-31-7-3
Board; management of university airport
Sec. 3. The control of the Purdue University Airport is under the
board of trustees of Purdue University. The board of trustees may do
the following:
(1) Establish standards and promulgate reasonable rules and
regulations, consistent with state and federal rules regarding
matters governing the use of Purdue University Airport as a
public airport.
(2) Establish, collect, and receive reasonable fees for the use of
Purdue University Airport and its facilities.
(3) Accept, receive, and receipt for federal money, and other
money, either public or private:
(A) for the acquisition, construction, enlargement,
improvement, maintenance, equipment, or operation of:
(i) Purdue University Airport;
(ii) other air navigation facilities incident to Purdue
University Airport; and
(iii) sites for Purdue University Airport; and
(B) to comply with the laws of the United States, the state,
and any related rules and regulations for the expenditure of
the money upon the Purdue University Airport and other air
navigation facilities incident to Purdue University Airport.
(4) Effectuate the purpose and intent of this chapter.
As added by P.L.2-2007, SEC.272.