Ind. Code § 9-14.1-5-3

Current through P.L. 171-2024

Section 9-14.1-5-3 - Appraisals

The value of all:

(1) purchases of supplies, fixtures, and equipment;

(2) purchases of real property; and

(3) lease agreements and contracts;

shall be appraised by the Indiana department of administration or by an independent appraiser, at the discretion of the Indiana department of administration. The cost of a purchase, lease agreement, or contract may not exceed the appraised value.

IC 9-14.1-5-3

Pre-2016 Revision Citation: 9-16-2-3.

Added by P.L. 198-2016, SEC. 195, eff. 7/1/2016.