Indiana § 5-1.2-5-10 Condemnation of property; procedures

Indiana Statutes

§ 5-1.2-5-10 — Condemnation of property; procedures

Indiana § 5-1.2-5-10

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 5State Facility Financing

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Bluebook

Ind. Code § 5-1.2-5-10 (2026).

Text

If the authority is unable to agree with the owners, lessees, or occupants of any real property selected for the purposes of this chapter, the authority may proceed to procure the condemnation of the property under IC 32-24-1. The authority may not institute a proceeding until the authority has adopted a resolution that:

(1)describes the real property sought to be acquired and the purpose for which the real property is to be used;

(2)declares that the public interest and necessity require the acquisition by the authority of the property involved; and

(3)sets out any other facts that the authority considers necessary or pertinent. The resolution is conclusive evidence of the public necessity of the proposed acquisition and shall be referred to the attorney general for action, in the name

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If the authority is unable to agree with the
owners, lessees, or occupants of any real property selected for the
purposes of this chapter, the authority may proceed to procure the
condemnation of the property under IC 32-24-1. The authority may not
institute a proceeding until the authority has adopted a resolution that:
(1) describes the real property sought to be acquired and the
purpose for which the real property is to be used;
(2) declares that the public interest and necessity require the
acquisition by the authority of the property involved; and
(3) sets out any other facts that the authority considers necessary
or pertinent.
The resolution is conclusive evidence of the public necessity of the
proposed acquisition and shall be referred to the attorney general for
action, in the name of the authority, in the circuit or superior court of
the county in which the real property is located.