Exchange of Property Between Purchasing Agency and Governmental Body

  1. Law
  2. Indiana Code
  3. State and Local Administration
  4. Public Purchasing
  5. Disposition of Surplus Personal Property by a Governmental Body
  6. Exchange of Property Between Purchasing Agency and Governmental Body

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Sec. 10. (a) A purchasing agency may exchange property with another governmental body upon terms and conditions agreed upon by the governmental bodies as evidenced by adoption of a substantially identical resolution by each entity.

(b) A transfer under this section may be made for any amount of property or cash as agreed upon by the governmental bodies.

As added by P.L.49-1997, SEC.1.


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