(a)
(1) If any state-supported institution of higher education advertises or allows an on-campus bookstore to submit advertising for inclusion in orientation packets or through the electronic media services of the state-supported institution of higher education or as part of a presentation to any student group, then the state-supported institution of higher education shall allow a private local textbook vendor access to distribute the private local textbook vendor's advertising by the same distribution method if requested in writing by the private local textbook vendor.
(2) The state-supported institution of higher education:
(A) Shall distribute the advertising of a private local textbook vendor contemporaneously with the advertising of the on-campus bookstore;
(B) May request a modification of the advertising of the on-campus bookstore or a private local textbook vendor if the advertising does not reflect the public interests of the state; and
(C) Is under no obligation to accept advertising from the on-campus bookstore or a private local textbook vendor.
(3) An on-campus bookstore and a private local textbook vendor shall be responsible for the costs related to the preparation and production of all advertising material.
(b) As used in this section:
(1) “Advertising” means not more than two (2) pages of promotional material describing the availability and terms of sale of textbooks or course materials; and
(2) “State-supported institution of higher education” means any college, university, vocational school, trade school, or other postsecondary educational institution that receives any funding from the state.
(c) A violation of subsection (a) of this section:
(1) Shall be reported within ten (10) business days by the state-supported institution of higher education to the:
(A) Chief fiscal officer of the institution;
(B) Chief legal counsel of the institution; and
(C) Legislative Council; and
(2) May be reported to the parties identified in subdivision (c)(1) of this section by any business or consumer.