Indiana Statutes
§ 14-34-19-11 — Sale of land with governor's approval
(a)If retention of the land by the director
or other state agency is impractical, the director may, with the approval
of the governor, do either of the following:
(1)Sell the land to political subdivisions of the state at the cost of
acquisition and restoration.
(2)Dispose of the land by public sale to the highest bidder for not
less than the fair market value as determined by two (2) private
appraisers appointed by the director.
(b)The proceeds of a sale shall be deposited in the fund created
under section 1 of this chapter.
[Pre-1995 Recodification Citation: 13-4.1-15-11.]
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Legislative History
As added by P.L.1-1995, SEC.27.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation