Sec. 18. Before making an exchange under section 17 of this chapter, both parcels of real property shall be appraised. Any difference in value between the two parcels of property shall be paid or received by the department. A sum received under this section shall be deposited with the treasurer of state and credited to the state highway construction fund.
As added by P.L.18-1990, SEC.216.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 23. Indiana Department of Transportation
Chapter 7. Real Property Transactions
8-23-7-0.1. Application of Certain Amendments to Chapter
8-23-7-1. Application of Chapter
8-23-7-2. Purposes for Acquiring Real Property
8-23-7-2.5. Appraisal of Real Property
8-23-7-3. Railroad Rights-of-Way
8-23-7-4. Description of Property to Be Acquired; Preparation and Filing
8-23-7-5. Notice to Owners; Delivery
8-23-7-6. Improvement and Changes in Use of Property; Restrictions
8-23-7-7. Improvement and Changes in Use of Property; Time Limit for State Action
8-23-7-8. Variances and Building Permits; Notice to Department; Hearing
8-23-7-9. Improvement and Changes in Use of Property; Loss of Notice Rights
8-23-7-10. Publication of Information Concerning Purchased Property
8-23-7-11. Vouchers for Payment; Attaching Grant or Deed Copies
8-23-7-12. Vouchers for Payment; Certification; Payment
8-23-7-13. Sale of Surplus Property
8-23-7-13.5. Indiana Department of Transportation Nonmarketable Property
8-23-7-14. Sale of Surplus Property Separated From Abutting Parcel; Offer to Abutting Property Owner
8-23-7-16. Sale of Surplus Property Valued at Less Than $10,000
8-23-7-17. Exchange of Lands, Rights, and Easements; Criteria
8-23-7-18. Exchange of Lands, Rights, and Easements; Valuation; Payments for Differences in Value
8-23-7-19. Exchange of Lands, Rights, and Easements; Improvements
8-23-7-21. Exchange of Lands, Rights, and Easements; Improvement Completion Requirement
8-23-7-22. Change of State Highway to Tollway
8-23-7-23. Change of State Highway to Toll Road
8-23-7-24. Designated Parts of State Highway Allowed to Be Either Tollway or Toll Road
8-23-7-25. Change of State Highways to Tollways and Toll Roads; Effectiveness of Orders
8-23-7-26. Surveys and Investigations; Right of Entry
8-23-7-27. Surveys and Investigations; Notification of Occupants
8-23-7-28. Surveys and Investigations; Compensation for Damages
8-23-7-29. Priority of Actions
8-23-7-30. Municipal Acquisition of Rights-of-Way
8-23-7-31. Acquisition of Property, Rights, and Easements; Legal Description; Taxation
8-23-7-32. Preservation of Abstracts of Title, Title Insurance Policies, and Other Title Papers