Sec. 14. (a) As used in this section, "auctioneer" refers to an auctioneer licensed under IC 25-6.1.
(b) Instead of taking bids, the department may engage an auctioneer to advertise the sale and to conduct a public auction of the property.
(c) The advertising by an auctioneer under this section must include a detailed description of the property to be sold.
(d) In addition to advertising given to the sale by an auctioneer, notice of the sale must be given as required by section 12 of this chapter.
(e) The transferring agency shall pay the costs of an auction conducted under this section.
As added by P.L.7-1993, SEC.7.
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