Indiana Code Title 21. Higher Education § 21-27-10-1

(1) Article 11, Section 12 of the Constitution of the State of Indiana provides that the state may not become a stockholder in a corporation;

(2) online, onsite, and hybrid online/onsite instructional, educational, and training programs serve an important public interest by expanding access to learning opportunities, thereby enhancing the state's ability to promote workforce and economic development;  and

(3) a state educational institution may more effectively advance its educational mission and achieve its public or charitable purposes by being affiliated with a postsecondary degree granting and credit bearing institution that provides these alternative types of instructional, educational, or training offerings, whether onsite, online, or through any combination of these or other instructional modalities, to better reach adult learners and other nontraditional students.