Sec. 1. (a) This chapter applies to the disposition of state property, with or without consideration.

     (b) This chapter does not authorize the transfer of property held in trust by the state unless the transfer is consistent with the terms of the trust.

     (c) Except as provided in IC 8-23-7-15, this chapter does not apply to the sale of state property, including structures to be removed from state property, under the control of the department of transportation.

As added by P.L.7-1993, SEC.7.