Indiana Code 5-22-22-4.7. Sale of state surplus property; sale on Internet auction site; preference for site owned or operated by licensed Indiana auctioneer
Current as of: 2023 | Check for updates
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Sec. 4.7. (a) This section applies only if both of the following apply:
(2) The property will be sold under section 4.5 of this chapter.
(1) The property to be sold is property that belongs to a state agency.
Terms Used In Indiana Code 5-22-22-4.7
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(b) If the purchasing agency sells surplus property using an Internet auction site, in addition to the requirements for an Internet auction site under section 4.5 of this chapter, the purchasing agency shall give preference in selection of the Internet auction site to Internet auction sites owned or operated by a person licensed under IC 25-6.1.
As added by P.L.58-2018, SEC.3.