Indiana Statutes
§ 4-20.5-7-16 — Cash sale; proceeds depository
Indiana § 4-20.5-7-16
This text of Indiana § 4-20.5-7-16 (Cash sale; proceeds depository) 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 § 4-20.5-7-16 (2026).
Text
(a)A sale of property must be made for
cash.
(b)Subject to Article 8, Section 2 of the Constitution of the State of
Indiana, the proceeds of a sale, after payment of expenses, shall be
deposited in the state treasury and credited to the fund from which the
property was purchased.
(c)If the fund from which the property was purchased cannot be
determined, the proceeds shall be deposited in the fund designated by
the budget agency.
(d)The proceeds of the sale are subject to allotment by the budget
agency with the approval of the governor.
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Legislative History
As added by P.L.7-1993, SEC.7.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency complianceCite This Page — Counsel Stack
Bluebook (online)
Indiana § 4-20.5-7-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-20.5-7-16.