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 § 12-24-18-6

Art. 24STATE INSTITUTIONS

Ch. 18Conveyance of Undeveloped Real Property of State

This text of Indiana § 12-24-18-6 (Laws relating to state contracts, leases, and conveyances; applicability; proceeds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 12-24-18-6 (2026).

Text

(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.