Ind. Code ch. 21-36-3

Ind. Code ch. 21-36-3
in effect

Ind. Code § 21-36-3-1 Applicability of chapter

Sec. 1. This chapter applies to the following state educational institutions: (1) Indiana University. (2) Purdue University. (3) Indiana State University. (4) Ball State University. (5) Ivy Tech Community College. (6) University of Southern Indiana. (7) Vincennes University. [Pre-2007 Higher Education Recodification Citation: 20-12-11-1 part.] As added by P.L.2-2007, SEC.277. Amended by P.L.205-2013, SEC.334.

Ind. Code § 21-36-3-2 Supplemental effect of chapter

Sec. 2. This chapter shall at all times be construed as supplemental to all other statutes providing for the sale of real estate by a state educational institution. [Pre-2007 Higher Education Recodification Citation: 20-12-11-5.] As added by P.L.2-2007, SEC.277.

Ind. Code § 21-36-3-3 Authority to sell or convey real property

Sec. 3. The board of trustees of a state educational institution may sell and convey any real estate title that is in the name of the: (1) board of trustees of the state educational institution; or (2) state of Indiana for the use and benefit of the state educational institution; as provided in this chapter. [Pre-2007 Higher Education Recodification Citation: 20-12-11-1 part.] As added by P.L.2-2007, SEC.277.

Ind. Code § 21-36-3-4 Sale or conveyance of property received by gift or bequest

Sec. 4. The board of trustees of a state educational institution may determine that any real estate (including any real estate acquired by gift, bequest, or devise) for which the title of the real estate is in the name of the: (1) state educational institution; or (2) state of Indiana for the use and benefit of the state educational institution; is not needed for any of the purposes of the state educational institution and that it would be advantageous for the state educational institution to give or sell the real estate. [Pre-2007 Higher Education Recodification Citation: 20-12-11-2(a) part.] As added by P.L.2-2007, SEC.277. Amended by P.L.178-2018, SEC.13.

Ind. Code § 21-36-3-5 Determination on disposition of property; resolution

Sec. 5. If a determination is made under section 4 of this chapter to dispose of real estate, the board of trustees of the state educational institution shall adopt a resolution and send a copy of the resolution, duly certified, to the governor. [Pre-2007 Higher Education Recodification Citation: 20-12-11-2(a) part.] As added by P.L.2-2007, SEC.277.

Ind. Code § 21-36-3-6 Real property value determination by appraisal

Sec. 6. Except as provided in section 7 of this chapter, the value of the real estate to be sold and conveyed under this chapter shall be determined by two (2) disinterested appraisers appointed by the board of trustees of the state educational institution. Real estate may be sold or conveyed for less than the appraised value if the board of trustees of a state educational institution approves a resolution that authorizes the sale or conveyance of real estate for less than the appraised value. [Pre-2007 Higher Education Recodification Citation: 20-12-11-2(b).] As added by P.L.2-2007, SEC.277. Amended by P.L.217-2017, SEC.149; P.L.178-2018, SEC.14.

Ind. Code § 21-36-3-7 Disposition of real property; procedures

Sec. 7. The board of trustees of a state educational institution may give or sell real estate in the manner provided by this chapter to: (1) the state; (2) a state agency; or (3) a political subdivision; for any or no consideration, as determined by the board of trustees of the state educational institution and the governmental entity to which the real estate is transferred. [Pre-2007 Higher Education Recodification Citation: 20-12-11-2(c).] As added by P.L.2-2007, SEC.277.

Ind. Code § 21-36-3-8 Sale price

Sec. 8. The price that is agreed on by the purchaser and the board of trustees under this chapter shall be approved in a resolution by the board of trustees of the state educational institution. The board of trustees shall send a copy of the resolution to the governor. [Pre-2007 Higher Education Recodification Citation: 20-12-11-3 part.] As added by P.L.2-2007, SEC.277. Amended by P.L.178-2018, SEC.15.

Ind. Code § 21-36-3-9 Repealed

[Pre-2007 Higher Education Recodification Citation: 20-12-11-3 part.] As added by P.L.2-2007, SEC.277. Repealed by P.L.178-2018, SEC.16.

Ind. Code § 21-36-3-10 Repealed

[Pre-2007 Higher Education Recodification Citation: 20-12-11-3 part.] As added by P.L.2-2007, SEC.277. Repealed by P.L.178-2018, SEC.17.

Ind. Code § 21-36-3-11 Repealed

[Pre-2007 Higher Education Recodification Citation: 20-12-11-3 part.] As added by P.L.2-2007, SEC.277. Repealed by P.L.178-2018, SEC.18.

Ind. Code § 21-36-3-12 Repealed

[Pre-2007 Higher Education Recodification Citation: 20-12-11-3 part.] As added by P.L.2-2007, SEC.277. Repealed by P.L.178-2018, SEC.19.

Ind. Code § 21-36-3-13 Repealed

[Pre-2007 Higher Education Recodification Citation: 20-12-11-4 part.] As added by P.L.2-2007, SEC.277. Repealed by P.L.178-2018, SEC.20.

Ind. Code § 21-36-3-14 Repealed

[Pre-2007 Higher Education Recodification Citation: 20-12-11-4 part.] As added by P.L.2-2007, SEC.277. Repealed by P.L.178-2018, SEC.21.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026

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