(1) "Control" means that a private college or university is maintained on the property or rents or leases the property to facilitate events or functions of the private college or university;
(2) "Executive head" means the president or governing board of a private college or university;
(3) "Private college or university" means a college, university, or teaching hospital that has all of the following characteristics:
(A) Is not owned or controlled by the state or a political subdivision of the state;
(B) Provides a program of education in residence leading to a baccalaureate degree or provides a program of education in residence for which the baccalaureate degree is a prerequisite, leading to an academic or professional degree;
(C) Is accredited by the North Central Association of Colleges and Schools or another nationally recognized agency that accredits private colleges and universities; and
(D) Has its principal place of business located in the state; and
(4) "Property" means both real property and personal property owned by or under the control of the private college or university and includes without limitation all highways, streets, alleys, and rights-of-way that are contiguous or adjacent to real property owned by or under the control of the private college or university.
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