§ 4-20.5-7-7 — Transfer of property between agencies or educational institutions

Indiana § 4-20.5-7-7

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

Text

(a) Surplus property may, under the policies
prescribed by the budget agency, be transferred to another agency or a
state educational institution.
(b) The policies of the budget agency must include a requirement
that the agency head of the accepting agency or the state educational
institution do the following:
(1) Find that the property is necessary or convenient to the
accepting agency's or state educational institution's use or
purpose.
(2) Request, in writing, approval of the governor to transfer
possession of the property from the transferring agency.
(c) With the approval of the budget agency, the accepting agency or
state educational institution may transfer funds to the transferring
agency in consideration of the transfer.
(d) The offer to the transferring agency must remain open for thirty
(30) days after the offer was made. If an offer has not been rejected or
accepted by the agency within thirty (30) days, the department may
dispose of the property as otherwise permitted under this chapter.

Legislative History

As added by P.L.7-1993, SEC.7. Amended by P.L.39-1995, SEC.2; P.L.267-1999, SEC.6; P.L.246-2005, SEC.42.