Senate Bill 0268
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DIGEST OF SB268 (Updated January 29, 2008 7:46 pm - DI 84)
Disposal of state owned real estate. Provides that the Indiana department of administration (department) may sell real property owned by the state by use of a request for proposals. Requires certain documentation to be kept if the department negotiates a sale of state owned real property with a potential buyer. Provides that the department may dispose of state owned real property involved in a dispute by exchanging the state owned real property for property of like value, regardless of the value of the state owned real property to be transferred. (Under current law, such an exchange may not be made if the value of the state owned real property exceeds $10,000.) Provides that state owned real property may also be exchanged for other real property to improve the state's ability to manage state property or to improve access to state property. Requires the division of historic preservation and archeology of the department of natural resources to notify the department of the results of its review of the disposition of state owned real property not later than 30 days after receiving notice from the department of the intent to dispose of the state owned real property.
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