Indiana § 8-23-7-13 Sale of surplus property

Indiana Statutes

§ 8-23-7-13 — Sale of surplus property

Indiana § 8-23-7-13

Art. 23INDIANA DEPARTMENT OF

Ch. 7Real Property Transactions

This text of Indiana § 8-23-7-13 (Sale of surplus property) 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 § 8-23-7-13 (2026).

Text

If the department determines that real property owned in fee simple by the department will not be needed for a purpose described in section 2 of this chapter, the commissioner may, with the approval of the budget agency, issue an order describing the surplus property and offering the surplus property for sale at or above its fair market value as determined by:

(1)appraisers of the department, if the value of the property is at least ten thousand dollars ($10,000); or

(2)agency real estate professionals, if the value of the property is less than ten thousand dollars ($10,000). The department may combine or divide parcels of surplus property to facilitate the sale of the property.

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If the department determines that real
property owned in fee simple by the department will not be needed for
a purpose described in section 2 of this chapter, the commissioner may,
with the approval of the budget agency, issue an order describing the
surplus property and offering the surplus property for sale at or above
its fair market value as determined by:
(1) appraisers of the department, if the value of the property is at
least ten thousand dollars ($10,000); or
(2) agency real estate professionals, if the value of the property is
less than ten thousand dollars ($10,000).
The department may combine or divide parcels of surplus property to
facilitate the sale of the property.