Senate Bill 0578
DIGEST OF SB 578 (Updated February 25, 2013 7:49 pm - DI 84)
State higher education institutions. Adds Ivy Tech Community College, University of Southern Indiana, and Vincennes University to the law governing the sale of real estate by other state educational institutions. Provides for budget committee review before an agreement between a state educational institution and a third party may be entered into if the agreement is to monetize a capital asset and the agreement has an annual transactional value that exceeds $1,000,000, a total transactional value that exceeds $5,000,000, or a term, including the initial term and any renewal terms, that exceeds 10 years.
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