Sec. 14. (a) If the state armory board sells any real property, the value of the property shall be determined by three (3) disinterested appraisers appointed by the state armory board with the approval of the governor.
(b) Real property may not be sold for less than the appraised value of the real property. If the real property cannot be sold at its appraised value, it may be reappraised.
(c) Real property may not be sold unless:
(1) the governor approves the sale; and
(2) the attorney general states in writing that all the conditions necessary to the legal and valid sale of the property have been fully complied with.
[Pre-2003 Recodification Citation: 10-2-2-19.]
As added by P.L.2-2003, SEC.7. Amended by P.L.38-2011, SEC.9.
Structure Indiana Code
Article 16. Indiana Military Code
10-16-3-1. State Armory Board Established
10-16-3-2. Contribution of Funds in Support of Duties and Responsibilities of Adjutant General
10-16-3-3. Term of Office; Vacancy in Office
10-16-3-5. Erection of Armories
10-16-3-6. Lease or Purchase of Real Estate; Erection; Occupancy and Use
10-16-3-7. Board for General Management; Care and Custody of Armories
10-16-3-8. Procurement of Property by State or Local Armory Board; Trust Bid, Proposal, or Quotation
10-16-3-9. Donations and Contributions; Reconveyance of Property to Donor or Another Entity
10-16-3-10. Payment of Expenses
10-16-3-11. Financial Resources Used to Promote Armed Forces or Veterans
10-16-3-13. Sale or Conveyance of Real Property
10-16-3-14. Sale of Real Property; Appraisement
10-16-3-15. Sale of Real Estate; Execution of Deed
10-16-3-16. Accounts and Reports
10-16-3-17. State Examiner; Examination of Transactions
10-16-3-18. Engineering and Architectural Services; Compensation of Field Examiners