§ 5-1.2-9-10 — Sale, exchange, or lease of property; terms; time period

Indiana § 5-1.2-9-10

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 9: Economic Development Projects

Text

After the opening, consideration, and
determination of the written offers filed in response to the notice, the
authority may dispose of all or part of the remaining available property
or interests for any approved use, either at public sale or by private
negotiation carried on by the authority, its regular employees, or real
estate experts employed for that purpose. For a period of thirty (30)
days after the opening of the written offers and determination on them,
no sale, exchange, or lease may be made on terms less than that shown
on the offering sheet, but after that period the authority may adjust the
offering terms the authority considers necessary to further the
economic development project.

Legislative History

As added by P.L.189-2018, SEC.25.