The sale price of an existing school building must be determined under the provisions of IC 20-47-2 or IC 20-47-3 relating to the sale of land to a lessor corporation. Except as provided in this section, IC 20-26-7 and any other law relating to the sale of the property of school corporations or the public education corporation or other public property do not apply to the sale of an existing school building to a lessor corporation under this chapter.

[Pre-2006 Recodification Citation: 21-5-9-5.]

As added by P.L.2-2006, SEC.170. Amended by P.L.101-2026, SEC.62.