Indiana § 14-36-2-12 Sale of land

Indiana Statutes

§ 14-36-2-12 — Sale of land

Indiana·Art. 36 RECLAMATION·Ch. 2 Acquisition of Land for Reclamation

(a)If the retention of the land by the department or other state agencies is determined to be impractical, the department may, with the approval of the governor, sell the land:

(1)to political subdivisions of the state at the cost of acquisition and restoration; or

(2)by public sale to the highest bidder for not less than fair market value for reclaimed land as determined by two (2) private appraisers appointed by the department.

(b)The proceeds of a sale may, upon approval of the department, be used and expended to reclaim and rehabilitate land. [Pre-1995 Recodification Citation: 14-4-2.1-8.]

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(a) If the retention of the land by the
department or other state agencies is determined to be impractical, the
department may, with the approval of the governor, sell the land:
(1) to political subdivisions of the state at the cost of acquisition
and restoration; or
(2) by public sale to the highest bidder for not less than fair
market value for reclaimed land as determined by two (2) private
appraisers appointed by the department.
(b) The proceeds of a sale may, upon approval of the department, be
used and expended to reclaim and rehabilitate land.
[Pre-1995 Recodification Citation: 14-4-2.1-8.]

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