Ind. Code § 4-20.5-3-6 – Auctions | Midpage

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Indiana Code

§ 6

Ind. Code § 4-20.5-3-6

Auctions

As added by P.L.33-1995, SEC.9. Amended by P.L.49-1997, SEC.21.

(a) The commissioner may authorize an agency under IC 5-22-10-6 to acquire property at an auction.
(b) The commissioner shall provide the agency with the maximum amounts that the agency may:
1. (1) bid; and
2. (2) provide as down payment;
  in the purchase of property under this section.

As added by P.L.33-1995, SEC.9. Amended by P.L.49-1997, SEC.21.