Indiana § 12-24-18-6 Laws relating to state contracts, leases, and conveyances; applicability;
proceeds

Indiana Statutes

§ 12-24-18-6 — Laws relating to state contracts, leases, and conveyances; applicability; proceeds

Indiana·Art. 24 STATE INSTITUTIONS·Ch. 18 Conveyance of Undeveloped Real Property of State

(a)Except as provided in this chapter, the procedures required by law for the state to:

(1)enter into contracts affecting the state's real property; or

(2)convey or lease the state's real property; apply to a contract, conveyance, or lease under this chapter.

(b)Notwithstanding any other law, if the state sells or leases real property under this chapter, the proceeds from that sale or lease are reappropriated to the state institution.

(c)The proceeds from the sale or lease of real property under this chapter may not reduce the amount of state appropriations otherwise available to the state institution.

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(a) Except as provided in this chapter, the
procedures required by law for the state to:
(1) enter into contracts affecting the state's real property; or
(2) convey or lease the state's real property;
apply to a contract, conveyance, or lease under this chapter.
(b) Notwithstanding any other law, if the state sells or leases real
property under this chapter, the proceeds from that sale or lease are
reappropriated to the state institution.
(c) The proceeds from the sale or lease of real property under this
chapter may not reduce the amount of state appropriations otherwise
available to the state institution.

Indiana § 12-24-18-6 (Laws relating to state contracts, leases, and conveyances; applicability; proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.