Indiana § 20-26-7-1 Sale or exchange of unneeded property

Indiana Statutes

§ 20-26-7-1 — Sale or exchange of unneeded property

Indiana § 20-26-7-1

Title 20EDUCATION

Art. 26SCHOOL CORPORATIONS: GENERAL

Ch. 7Property and Eminent Domain

This text of Indiana § 20-26-7-1 (Sale or exchange of unneeded property) 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 § 20-26-7-1 (2026).

Text

(a)Except as otherwise provided in IC 20-26-7.1, if a governing body of a school corporation determines that any real or personal property:

(1)is no longer needed for school purposes; or

(2)should, in the interests of the school corporation, be exchanged for other property; the governing body may sell or exchange the property in accordance with IC 36-1-11.

(b)Money derived from the sale or exchange of property under this section shall be placed in the school corporation's operations fund.

(c)A governing body may not enter into a lease agreement or make a covenant that prohibits the sale of real property to another educational institution. [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-5-1.]

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(a) Except as otherwise provided in IC 20-26-7.1, if a governing body of a school corporation determines that
any real or personal property:
(1) is no longer needed for school purposes; or
(2) should, in the interests of the school corporation, be
exchanged for other property;
the governing body may sell or exchange the property in accordance
with IC 36-1-11.
(b) Money derived from the sale or exchange of property under this
section shall be placed in the school corporation's operations fund.
(c) A governing body may not enter into a lease agreement or make
a covenant that prohibits the sale of real property to another
educational institution.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-5-5-1.]

Legislative History

As added by P.L.1-2005, SEC.10. Amended by P.L.234-2007, SEC.227; P.L.91-2011, SEC.27; P.L.17-2013, SEC.1; P.L.33-2014, SEC.4; P.L.5-2015, SEC.47; P.L.217-2017, SEC.100; P.L.241-2017, SEC.17; P.L.244-2017, SEC.46; P.L.140-2018, SEC.5; P.L.140-2018, SEC.6; P.L.270-2019, SEC.12.