Sec. 12. (a) A property for which no one applies in two (2) successive drawings held under this chapter may be sold at public auction to the highest bidder.
(b) The proceeds of the sale of real property acquired under IC 6-1.1-25-7.5 shall be applied to the cost of the sale, including advertising and appraisal.
(c) If any proceeds remain after payment of the costs under subsection (b), the proceeds shall be applied to the payment of taxes removed from the tax duplicate under IC 6-1.1-25-7.5(e).
(d) If any proceeds remain after payment of the taxes under subsection (c), the proceeds shall be deposited in the county general fund.
[Pre-Local Government Recodification Citation: 18-7-21-11.]
As added by Acts 1981, P.L.309, SEC.36. Amended by P.L.87-1987, SEC.12; P.L.169-2006, SEC.77.
Structure Indiana Code
Article 7. Planning and Development
Chapter 17. Urban Homesteading
36-7-17-1. Application of Chapter
36-7-17-2. Designation of Agency to Administer Program
36-7-17-3. Acquisition of Property
36-7-17-4. Notice to Residents of Unit
36-7-17-5. Applications; Eligibility; Drawings to Determine Receipt of Dwellings
36-7-17-6. Conveyances; Duties of Recipients
36-7-17-7. Conveyances; Methods Authorized
36-7-17-9. Conveyances; Fee Simple Title
36-7-17-10. Rules and Regulations
36-7-17-11. Retention of Deed by Unit; Property Deemed Municipal Property; Tax Exemption
36-7-17-12. Property Not Applied for in Successive Drawings; Sale; Disposition of Proceeds