IC 21-7-13-26.5 "Postsecondary Sei Affiliated Educational Institution"

• Library: Indiana Statutes
• Edition: 2023
• Currency: Current through P.L. 255-2023
• Year: 2023
• Citation: IC 21-7-13-26.5

(a) "Postsecondary SEI affiliated educational institution" means a degree granting and credit bearing institution that:

(1) is organized as a public benefit corporation (as described in IC <codecitation statecd="IN" sessionyear="2021" datatype="S" title="23" catchline=""Public benefit corporation"">23-17-2-23</codecitation> ) and controlled by a state educational institution;

(2) is authorized under procedures approved by the executive officer of the commission under IC 21-18-12.4 to provide instructional or educational services or training in Indiana using onsite, online, or any combination of these or other instructional modalities;

(3) is accredited by a recognized regional accrediting agency or is seeking or progressing toward accreditation by a recognized regional accrediting agency; and

(4) has its debts and liabilities backed by the controlling state educational institution described in subdivision (1) in the form of a contribution, bond, or other surety consisting solely of eligible property (as defined in IC <codecitation statecd="IN" sessionyear="2021" datatype="S" title="21" catchline=""Eligible property"">21-27-10-4</codecitation> ).</subsect> </subsect>