36-1-11-9. Trade or Exchange as Part of Purchase Price of New Property
Sec. 9. Whenever a disposing agent purchases new property with a condition that property of a similar nature is to be traded in or exchanged as part of the purchase and in reduction of the purchase price, the exchange or trade-in may be made without compliance with section 7 of this chapter but must comply […]
36-1-11-10. Lease of Property; Procedure
Sec. 10. (a) A disposing agent may lease property rather than sell, transfer, or exchange it under this chapter only if the disposing agent determines that a lease rather than a sale, transfer, or exchange would be in the best interest of the disposing agent’s political subdivision or agency and the public. Except as provided […]
36-1-11-10.5. Lease of a Parkway Strip, Sidewalk, Tree Row, or Verge
Sec. 10.5. (a) This section applies only to property owned by a political subdivision that fronts and abuts real property assessed as commercial land under the real property assessment rules and guidelines of the department of local government finance. A disposing agent may proceed under this section in leasing the property. (b) As used in […]
36-1-11-11. Execution of Deed or Other Instrument
Sec. 11. Whenever: (1) there is a dispute concerning the interest in any property of a political subdivision, and the executive considers the dispute not frivolous; or (2) it would facilitate the establishment of title to any property; a deed or other instrument may be executed on behalf of the political subdivision to a person […]
36-1-11-12. Lease of Property; Alternative Procedure
Sec. 12. The following procedure may be used instead of that in section 10 of this chapter if the disposing agent makes a written determination (which must include the disposing agent’s reasons) that the use of section 10 of this chapter is not feasible, and authorization to use this procedure is granted by the executive […]
36-1-11-13. Restrictions on Lease of County-Owned Property
Sec. 13. Notwithstanding any other law, a disposing agent for a county may not lease county-owned property at a rate that deviates more than five percent (5%) from the average square footage rate charged for similar property in that county. As added by P.L.38-1984, SEC.3.
36-1-11-14. Gift of Tract; Reconveyance
Sec. 14. If a tract was originally transferred to a political subdivision as a gift and public funds have not been expended to improve the property since the original transfer, the disposing agent may convey it back to the original grantor or the grantor’s successors with their consent without consideration upon a determination by the […]
36-1-11-15. Tract Transferred as Gift by Not-for-Profit Corporation or Organization; Reconveyance
Sec. 15. If a tract was originally transferred to a political subdivision as a gift by a not-for-profit corporation or organization, the disposing agent may convey it back to the original grantor or the grantor’s successors with their consent without consideration upon a determination by the disposing agent that: (1) the property is surplus; and […]
36-1-11-16. Bid, Purchase, Receipt, or Lease of Property by Ineligible Persons; Effect of Ineligibility
Sec. 16. (a) This section applies to the following: (1) A person who owes delinquent taxes, special assessments, penalties, interest, or costs directly attributable to a prior tax sale on a tract of real property listed under IC 6-1.1-24-1. (2) A person who is an agent of the person described in subdivision (1). (3) A […]
36-1-11-17. Terms of Reconveyance or Return
Sec. 17. If property disposed of under this chapter is to be reconveyed or automatically returned to the political subdivision or an agency of a political subdivision that disposed of the property, the terms of the reconveyance or return shall be as agreed to before the disposal. If the terms of the reconveyance are not […]