Sec. 12. (a) Subject to subsection (b), the commission may sell, exchange, lease, or otherwise dispose of, with or without a consideration, any property acquired under this chapter under the terms and conditions that the commission considers will best accomplish proper use and conservation of the conservation land.

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Terms Used In Indiana Code 14-17-2-12

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
     (b) The commission may sell or grant property acquired under this chapter only:

(1) to public authorities and agencies; and

(2) on condition that the property is used for public purposes.

[Pre-1995 Recodification Citation: 4-17-11-7 part.]

As added by P.L.1-1995, SEC.10.

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