§ 5-22-22-5 — Public sale or sealed bids; advertisements

Indiana § 5-22-22-5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 22: PUBLIC PURCHASING
• Ch. 22: Disposition of Surplus Personal Property by a

Text

(a) If:
(1) an auctioneer is not engaged under section 4 of this chapter;
or
(2) the surplus property is not sold through an Internet auction site
under section 4.5 of this chapter;
the purchasing agency shall sell the property at a public sale or by
sealed bids delivered to the office of the purchasing agency before the
date of sale.
(b) Advertisement of the sale shall be made in accordance with IC 5-3-1.
(c) All sales shall be made to the highest responsible bidder.

Legislative History

As added by P.L.49-1997, SEC.1. Amended by P.L.31-2002, SEC.6.