Sec. 1. (a) Except as provided in subsection (b), this chapter applies to: (1) political subdivisions; and (2) their agencies. (b) This chapter does not apply to the purchase of: (1) real property having a total price (including land and structures, if any) of twenty-five thousand dollars ($25,000) or less; (2) airport land or structures […]
Sec. 2. As used in this chapter, “parking facility” refers to a parking facility as defined in IC 36-9-1. As added by P.L.336-1987, SEC.1.
Sec. 3. As used in this chapter, “purchasing agent” means the board or officer of a political subdivision or agency with the power to purchase land or structures. As added by P.L.336-1987, SEC.1.
Sec. 4. As used in this chapter, “structure” means: (1) a building used in connection with the operation of a political subdivision; or (2) a parking facility. The term includes the site, equipment, and appurtenances to the building or parking facility. As added by P.L.336-1987, SEC.1.
Sec. 5. A purchasing agent shall purchase land or a structure only after compliance with the following procedures: (1) The fiscal body of the political subdivision shall pass a resolution to the effect that it is interested in making a purchase of specified land or a structure. (2) The purchasing agent shall appoint two (2) […]
Sec. 6. A purchasing agent may not purchase any land or structure for a price greater than the average of the two (2) appraisals received under section 5 of this chapter. As added by P.L.336-1987, SEC.1.
