Sec. 2. This chapter applies only to real property that satisfies all of the following conditions:

(1) The real property is owned by the state and under the control of a state institution.

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Terms Used In Indiana Code 12-24-18-2

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
(2) The real property is undeveloped.

(3) The executive of the city identifies the real property through a legal description of the property.

(4) The state approves the legal description prepared under subdivision (3).

As added by P.L.147-1993, SEC.1.