Indiana § 21-33-3-9 - Use of certain funds for the cost of projects
Full text of Indiana Indiana Code § 21-33-3-9 — Use of certain funds for the cost of projects, with citation guidance and answers to common questions.
§ 21-33-3-9. Use of certain funds for the cost of projects
Sec. 9. To pay the cost of a project authorized under this chapter, the following funds may be used:
(1) Funds appropriated in any state fiscal year for the project by the general assembly, subject to allocation of the funds by the budget agency, with approval of the governor.
(2) Funds derived from the issuance and sale of bonds by the board of trustees of any of the state educational institutions, so long as the issuance of the bonds that are to be supported by mandatory student fees assessed all students has been approved by the general assembly for each applicable project.
(3) Funds derived from earnings, farm and miscellaneous sales, or other receipts, so long as a project to:
(A) construct buildings or facilities with a cost greater than three hundred thousand dollars ($300,000); or
(B) purchase or lease-purchase land, buildings, or facilities the principal value of which exceeds one hundred fifty thousand dollars ($150,000);
is reviewed by the commission for higher education and approved by the governor, on recommendation of the budget agency.
(4) Federal funds granted and allowed a state educational institution for a project to construct buildings or facilities, so long as each project:
(A) with a cost greater than three hundred thousand dollars ($300,000); or
(B) to purchase or lease-purchase land, buildings, or facilities the principal value of which exceeds one hundred fifty thousand dollars ($150,000);
is reviewed by the commission for higher education and approved by the governor, on recommendation of the budget agency.
(5) Available funds derived from gifts, bequests, devises, or other source not listed in subdivisions (1) through (4), so long as each project to:
(A) construct buildings or facilities with a cost greater than three hundred thousand dollars ($300,000); or
(B) purchase or lease-purchase land, buildings, or facilities the principal value of which exceeds one hundred fifty thousand dollars ($150,000);
is reviewed by the commission for higher education and approved by the governor, on recommendation of the budget agency.
[Pre-2007 Higher Education Recodification Citation: 20-12-5.5-4.]
As added by P.L.2-2007, SEC.274. Amended by P.L.229-2011, SEC.239.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-33-3-9
What does Indiana Code § 21-33-3-9 cover?
Section 21-33-3-9 ("Use of certain funds for the cost of projects") 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 § 21-33-3-9?
A common citation format is "Indiana Code § 21-33-3-9" (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 § 21-33-3-9 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.