Indiana § 21-33-3-7 - Board; authority to lease property
Full text of Indiana Indiana Code § 21-33-3-7 — Board; authority to lease property, with citation guidance and answers to common questions.
§ 21-33-3-7. Board; authority to lease property
Sec. 7. In addition to projects authorized by the general assembly, the board of trustees of a state educational institution may engage in a project:
(1) to lease, other than a project to lease-purchase, a building or facility; and
(2) for which the annual cost of the project exceeds five hundred thousand dollars ($500,000);
only if the project is reviewed by the commission for higher education and approved by the governor, on recommendation of the budget agency. The review by the commission for higher education must be completed not later than ninety (90) days after the project is submitted for review.
[Pre-2007 Higher Education Recodification Citation: 20-12-5.5-2(a)(3).]
As added by P.L.2-2007, SEC.274. Amended by P.L.31-2010, SEC.6; P.L.143-2014, SEC.9.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-33-3-7
What does Indiana Code § 21-33-3-7 cover?
Section 21-33-3-7 ("Board; authority to lease property") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-33-3-7?
A common citation format is "Indiana Code § 21-33-3-7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-33-3-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.