Indiana Code 8-23-7-16. Sale of surplus property valued at less than $10,000
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Terms Used In Indiana Code 8-23-7-16
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 16. If the appraised value of real property determined to be surplus under section 13 of this chapter is less than ten thousand dollars ($10,000), the department may sell the surplus property without advertising or competitive bids for not less than the full appraised value of the surplus property upon approval by the commissioner and the governor.
As added by P.L.18-1990, SEC.216. Amended by P.L.12-2022, SEC.6.