Sec. 10.3. (a) This section applies only to the transfer of property to a public utility under section 10.5 of this chapter.
(b) If property transferred under this section requires an appraisal, the commissioner may do one (1) of the following:
(1) Require the public utility to pay for the appraisal.
(2) Accept the public utility's appraisal.
(c) An appraisal under this section must be performed by an appraiser who has the qualifications required by the commissioner.
(d) The public utility shall pay for the cost of the appraisal and for any other costs involved in the transfer.
As added by P.L.33-1995, SEC.11.
Structure Indiana Code
Title 4. State Offices and Administration
Article 20.5. State Real Property
Chapter 7. Disposition of Property
4-20.5-7-1. Application of Chapter
4-20.5-7-2. Transferring Agency Head; Duties
4-20.5-7-3. Verifications by Land Offices
4-20.5-7-4.5. Effect of Deeds of Certain State Property; Legalization
4-20.5-7-4.6. Effect of Deed of Certain State Property; Legalization
4-20.5-7-5. Environmental Audit
4-20.5-7-6. Notice of Proposed Transfer
4-20.5-7-7. Transfer of Property Between Agencies or Educational Institutions
4-20.5-7-7.3. Priority for Transfers
4-20.5-7-8. Transfer to Political Subdivision or Public Utility or Sale
4-20.5-7-10. Transfer to Political Subdivision by Gift or Sale; Preference to Political Subdivisions
4-20.5-7-10.3. Appraisal of Property Transferred to Public Utility
4-20.5-7-10.5. Transfer to Public Utility; Consideration
4-20.5-7-10.7. Transfer of Property to Person for Property of Like Value
4-20.5-7-11. Sale of Abandoned Railroad Corridor Property; Exception
4-20.5-7-14. Auction Procedure
4-20.5-7-15. Sale at Less Than Appraised Value; Grant of Easement
4-20.5-7-16. Cash Sale; Proceeds Depository
4-20.5-7-16.5. Proceeds Credited to Separate Account for Purchase of Other Real Property
4-20.5-7-17. Instrument of Transfer; Signatures