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  5. 647 N.E.2d 342 (1995)
 

STATE BD. OF ACCOUNTS v. IND. UNIVERSITY FOUND.

No. 28A01-9402-CV-52.

647 N.E.2d 342 (1995)

STATE Board of Accounts, Appellant-Defendant, v. INDIANA UNIVERSITY FOUNDATION, Appellee-Plaintiff.

Court of Appeals of Indiana, First District.

February 24, 1995.

Attorney(s) appearing for the Case

Pamela Carter, Atty. Gen., Jon Laramore, Deputy Atty. Gen. Indianapolis, for appellant.

Lynn H. Coyne, Lance W. Wonderlin, Andrews, Harrell, Mann, Chapman & Coyne, Bloomington, for appellee.

NAJAM, Judge.

STATEMENT OF THE CASE

We are asked to decide whether Indiana University Foundation (the "Foundation") is subject to examination by the State Board of Accounts (the "Board"). The Foundation solicits and manages funds from private sources for the use or benefit of Indiana University. In 1990, the Attorney General of Indiana issued an opinion that the Foundation was subject to examination by the Board and, therefore, that its records were open...

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