CHAPTER 4. JOINT USE AGREEMENTS
IC 21-34-4
Chapter 4. Joint Use Agreements
IC 21-34-4-1
Joint use agreements; use
Sec. 1. (a) It is the policy of the state to encourage the joint use of
building facilities by any two (2) or more state educational
institutions under the jurisdiction of the board of trustees of each
state educational institution whenever the boards of trustees of the
respective state educational institutions find that the joint use would:
(1) benefit their respective state educational institutions; and
(2) be to the advantage of the state.
(b) When the findings described in subsection (a) are made by the
boards of trustees of the respective state educational institutions, the
board of trustees of each state educational institution that makes the
findings may enter into and perform a joint use agreement providing
for the joint use of building facilities.
(c) A joint use agreement may contain the provisions, terms, and
conditions pertaining to the acquisition, construction, financing, and
use of building facilities, not inconsistent with this article, as may be
approved by the boards of trustees of each state educational
institution that is a party to the joint use agreement.
As added by P.L.2-2007, SEC.275.
IC 21-34-4-2
Joint use agreements; contents
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.
As added by P.L.2-2007, SEC.275.
IC 21-34-4-3
Joint use agreements; power to acquire property by condemnation
Sec. 3. A joint use agreement may provide, among other things,
that the board of trustees of each state educational institution that is
a party to the joint use agreement may for the purpose of performing
the joint use agreement, exercise jointly any and all of the powers
that are severally conferred on the board of trustees of each state
educational institution that is a party to the joint use agreement by
this article, including the power to acquire property by
condemnation.
As added by P.L.2-2007, SEC.275.
IC 21-34-4-4
Joint use agreements; title to real and personal property
Sec. 4. A joint use agreement may provide, among other things,
that:
(1) title to the real and personal property acquired or to be
acquired for the joint use of the board of trustees of each state
educational institution that is a party to the joint use agreement
may be taken and held in the name of the board of trustees of
any one (1) of the state educational institutions, subject to the
provisions of the joint use agreement respecting the joint use of
the property; or
(2) title to some or all of the real or personal property acquired
or to be acquired for the joint use of the board of trustees of
each state educational institution that is a party to the joint use
agreement may be taken and held jointly in the names of all the
boards of trustees of the state educational institutions that are
parties to the joint use agreement, as tenants in common, with
the divisions of ownership interests that are provided in the
joint use agreement and in the documents evidencing the title to
the property.
As added by P.L.2-2007, SEC.275.