Sec. 14. (a) Except as provided in IC 20-26-7.1, a school city may:
(1) sell real estate;
(2) transfer personal property; and
(3) execute deeds of conveyance and instruments of transfer with or without covenants of warranty;
if, in the opinion of the board, the real estate or personal property cannot be advantageously used for school or library purposes and can be sold for its fair cash value.
(b) A determination by the board that real estate or personal property cannot be advantageously used under subsection (a) must be entered into the record of the minutes of the school city's board.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-11-25.]
As added by P.L.1-2005, SEC.9. Amended by P.L.270-2019, SEC.5.
Structure Indiana Code
Article 25. Indianapolis Public Schools
Chapter 4. General Administrative Provisions
20-25-4-1. Contracts or Obligations; Appropriations
20-25-4-2. Contracts Involving More Than $75,000; Bidding for Supplies and Materials
20-25-4-3. School Building Improvements; Bidding Procedure
20-25-4-4. Designation of Bid Committee; Opening and Tabulating of Bids
20-25-4-10. Limitations on Debt; Eminent Domain Power of Board of School Commissioners
20-25-4-11. Board of School Commissioners; Powers and Duties Conferred by Law
20-25-4-12. Board of School Commissioners; Powers; Prohibited Land Acquisitions
20-25-4-13. Operating Expenses for Special Schools and Vacation Schools; Imposition of Fees
20-25-4-14. School Cities; Power to Sell Real Estate and Transfer Personal Property
20-25-4-15. Absence of Board Commissioners or Employees; Reimbursement for Expenses
20-25-4-16. Industrial or Manual Training and Education System; Establishment
20-25-4-18. Authority of School Cities to Accept Property in Trust
20-25-4-19. School Lunches; Expenses
20-25-4-20. Applicability of General School Laws