Indiana § 4-20.5-7-10.5 Transfer to public utility; consideration

Indiana Statutes

§ 4-20.5-7-10.5 — Transfer to public utility; consideration

Indiana § 4-20.5-7-10.5

Art. 20.5STATE REAL PROPERTY

Ch. 7Disposition of Property

This text of Indiana § 4-20.5-7-10.5 (Transfer to public utility; consideration) 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 § 4-20.5-7-10.5 (2026).

Text

5.

(a)The commissioner may, at the request of an agency head, transfer state property to a public utility (as defined in IC 8-1-2-1(a)) for the purpose of a right-of-way.

(b)Consideration for the transfer of property under subsection (a) is as follows:

(1)If the transfer is approved by the governor under section 15 of this chapter and the state will benefit from the transfer, the public utility shall pay only the costs, as determined by the commissioner, involved in the transfer of the property.

(2)For property not described in subdivision (1), the public utility shall pay the appraised value of the property determined under section 10.3 of this chapter in addition to the costs involved in the transfer of the property.

Free access — add to your briefcase to read the full text and ask questions with AI

5. (a) The commissioner may, at the
request of an agency head, transfer state property to a public utility (as
defined in IC 8-1-2-1(a)) for the purpose of a right-of-way.
(b) Consideration for the transfer of property under subsection (a)
is as follows:
(1) If the transfer is approved by the governor under section 15 of
this chapter and the state will benefit from the transfer, the public
utility shall pay only the costs, as determined by the
commissioner, involved in the transfer of the property.
(2) For property not described in subdivision (1), the public utility
shall pay the appraised value of the property determined under
section 10.3 of this chapter in addition to the costs involved in the
transfer of the property.