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 set forth before the disposal, the political subdivision shall obtain at least two (2) appraisals and pay not more than the average of the two (2) appraisals.
As added by P.L.82-1995, SEC.11.
Structure Indiana Code
Chapter 11. Disposal of Real or Personal Property
36-1-11-1. Application of Chapter
36-1-11-3.1. Sale of Residential Real Property; Disapproval
36-1-11-3.2. Approval of Sale, Lease, or Transfer of Real Property in Certain Cities
36-1-11-4. Sale or Transfer of Real Property; Procedure
36-1-11-4.1. Sale or Transfer of Real Property, Including Provision for Leaseback; Notice; Bids
36-1-11-4.3. Public Easement or Right-of-Way
36-1-11-5.6. Sale or Transfer of Property to a Nonprofit Corporation
36-1-11-7. Exchange of Property With Persons Other Than Governmental Entity; Procedure
36-1-11-8. Exchange of Property With Governmental Entity
36-1-11-9. Trade or Exchange as Part of Purchase Price of New Property
36-1-11-10. Lease of Property; Procedure
36-1-11-10.5. Lease of a Parkway Strip, Sidewalk, Tree Row, or Verge
36-1-11-11. Execution of Deed or Other Instrument
36-1-11-12. Lease of Property; Alternative Procedure
36-1-11-13. Restrictions on Lease of County-Owned Property
36-1-11-14. Gift of Tract; Reconveyance
36-1-11-15. Tract Transferred as Gift by Not-for-Profit Corporation or Organization; Reconveyance
36-1-11-17. Terms of Reconveyance or Return
36-1-11-18. School Corporations in Laporte County; Transfer to Governmental Agency