Sec. 20. (a) This section does not apply to property covered under IC 4-20.5-6-3.

     (b) The department shall do both of the following:

Terms Used In Indiana Code 4-13-1-20

  • Appraisal: A determination of property value.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • state agency: means an authority, board, branch, commission, committee, department, division, or other instrumentality of the executive, including the administrative, department of state government. See Indiana Code 4-13-1-1
(1) Provide for the periodic inspection, appraisal, and inventory of all of the state’s property.

(2) Require reports from each state agency concerning the property in the custody of each state agency.

     (c) The department may adopt rules under IC 4-22-2 to govern the protection and custody of the property of the state.

As added by P.L.7-1993, SEC.5.