§ 4-20.5-7-11 — Sale of abandoned railroad corridor property; exception

Indiana § 4-20.5-7-11

• Jurisdiction: Indiana
• Art. 20.5: STATE REAL PROPERTY
• Ch. 7: Disposition of Property

Text

(a) Except as provided in subsection (f), the
department may sell the property through any of the following:
(1) Competitive bids.
(2) By auction.
(3) By request for proposals.
(b) The department may enter into negotiations under this section
with the respondent who has made the highest offer only if the
negotiations are documented. The negotiation documentation must
include the following:
(1) A log of the date and time of each meeting with a respondent.
The log must include the identity of the respondent.
(2) A description of the nature of all communications with each
respondent.
(3) Subject to subsection (d), a copy of all written
communications, including electronic communications, with each
respondent.
(c) Except as provided in subsection (d), the contents of the contract
file concerning a sale under this section are subject to public
inspection.
(d) Proprietary information included with a response, including
trade secrets, manufacturing processes, and financial information that
was not required to be made available for public inspection by the
terms of the invitation for bids, live auction, or request for proposals,
is not subject to public inspection.
(e) The negotiation documentation is subject to public inspection
under this section only after the transfer of the property.
(f) If the department owns abandoned railroad corridor property and
the abandoned railroad corridor property:
(1) has a value of not more than ten thousand dollars ($10,000);
and
(2) abuts the property of an adjacent property owner;
then the department may sell the abandoned railroad corridor property
to the adjacent property owner at the value of the appraised property.

Legislative History

As added by P.L.7-1993, SEC.7. Amended by P.L.33-2011, SEC.2; P.L.155-2015, SEC.2.