Sec. 13. (a) A requirement of competitive bidding or restriction imposed on the procedure for award of contracts for the sale or other disposition of property of the county or municipality is not applicable to any action taken under this chapter.
(b) This subsection applies if a county or municipality sells or disposes of real property under this chapter by acceptance of bids. A bid submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each:
(1) beneficiary of the trust; and
(2) settlor empowered to revoke or modify the trust.
As added by Acts 1979, P.L.47, SEC.1. Amended by Acts 1981, P.L.62, SEC.11; P.L.336-1989(ss), SEC.17.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 2. Financing of Housing
5-20-2-1. Legislative Findings; Declaration of Purpose
5-20-2-10. Signatures of Officers on Bonds; Validity of Bonds
5-20-2-12. Liability for Bonds
5-20-2-13. Exemption From Contract and Bidding Requirements; Real Property Bid Submitted by Trust
5-20-2-14. Tax Exemption for Bonds
5-20-2-16. Securities Exemption
5-20-2-17. Antitrust Exemption
5-20-2-18. Powers Conferred as Additional and Supplemental; Limitations Imposed; Effect