Indiana Administrative Code
Title 80 - STATE FAIR COMMISSION
Article 10 - DISPOSAL OF PROPERTY
Rule 2 - Disposal of Real and Personal Property
Section 2-1 - Procedures and authorized methods of disposal
Current through March 20, 2024
Authority: IC 15-13-2-9
Affected: IC 6-2.5-2; IC 15-13-2; IC 15-13-4-3; IC 20-18-2-12; IC 36-1-2-17
Sec. 1.
(a) The executive director shall make a finding that property is surplus to the needs of the commission.
(b) Real property that is held in trust by the commission may only be transferred as set forth in IC 15-13-4-3.
(c) One (1) or more of the following methods may be used either singularly or in combination for the disposal of property owned by the commission:
(d) Regardless of the selected method of disposal, detailed listings of property to be disposed of shall be maintained within the files of the commission.
(e) The proceeds derived from any of the selected methods of disposal shall be directly deposited in the general operating fund of the commission. The commission may further designate:
(f) Disposal of commission property shall be in accordance with this rule.
(g) The disposal of property owned by the commission may be subject to the applicable state gross retail tax as outlined in IC 6-2.5-2.