Indiana § 5-1.3-3-12 Lease or transfer of property without competitive bidding;
authorization

Indiana Statutes

§ 5-1.3-3-12 — Lease or transfer of property without competitive bidding; authorization

Indiana § 5-1.3-3-12

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 3General Provisions

This text of Indiana § 5-1.3-3-12 (Lease or transfer of property without competitive bidding; authorization) 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 § 5-1.3-3-12 (2026).

Text

(a)The state, acting through the governor, may convey, transfer, lease, or sell, with or without consideration, real property of any nature (including buildings, structures, improvements, land, rights-of-way, easements, and legal or equitable interests), title to which is held in the name of the state, to the IFA, without being required to advertise or solicit bids or proposals, in order to accomplish the governmental purposes of this article.

(b)A unit, acting through the unit's executive, may convey, transfer, lease, or sell, with or without consideration, real property of any nature (including buildings, structures, improvements, land, rights-of-way, easements, and legal or equitable interests), title to which is held in the name of the unit, to the IFA, without being required to adve

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(a) The state, acting through the governor,
may convey, transfer, lease, or sell, with or without consideration, real
property of any nature (including buildings, structures, improvements,
land, rights-of-way, easements, and legal or equitable interests), title to
which is held in the name of the state, to the IFA, without being
required to advertise or solicit bids or proposals, in order to accomplish
the governmental purposes of this article.
(b) A unit, acting through the unit's executive, may convey, transfer,
lease, or sell, with or without consideration, real property of any nature
(including buildings, structures, improvements, land, rights-of-way,
easements, and legal or equitable interests), title to which is held in the
name of the unit, to the IFA, without being required to advertise or
solicit bids or proposals in order to accomplish the governmental
purposes of this article.
(c) A political subdivision, acting through the political subdivision's
legislative body, may convey, transfer, lease, or sell, with or without
consideration, real property of any nature (including buildings,
structures, improvements, land, rights-of-way, easements, and legal or
equitable interests), title to which is held in the name of the political
subdivision, to the IFA, without being required to advertise or solicit
bids or proposals in order to accomplish the governmental purposes of
this article.
(d) The NICTD, acting through its board of trustees, may convey,
transfer, lease, or sell, with or without consideration, real property of
any nature (including buildings, structures, improvements, land,
rights-of-way, easements, and legal or equitable interests), title to
which is held in the name of the NICTD, to the IFA, without being
required to advertise or solicit bids or proposals in order to accomplish
the governmental purposes of this article.
(e) The NWIRDA, acting through its board, may convey, transfer,
lease, or sell, with or without consideration, real property of any nature
(including buildings, structures, improvements, land, rights-of-way,
easements, and legal or equitable interests), title to which is held in the
name of the NWIRDA, to the IFA, without being required to advertise
or solicit bids or proposals in order to accomplish the governmental
purposes of this article.