Sec. 24. If an educational facility is financed and mortgaged under sections 22 and 23 of this chapter:
(1) the title to the facility must remain in the nonprofit college or university owning the facility, subject to the lien of the mortgage securing the promissory notes then being purchased; and
(2) there may not be a lease of the facility between the authority and the institution.
As added by P.L.189-2018, SEC.25.
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