Sec. 7. (a) The rules adopted by the Indiana department of administration before July 1, 2012, concerning the state land office are considered, after June 30, 2012, rules of the commission. A reference to the state land office within the Indiana department of administration in a statute, rule, or other document before July 1, 2012, is considered a reference to the state land office within the department.

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Terms Used In Indiana Code 14-18-1.5-7

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Statute: A law passed by a legislature.
     (b) All powers, duties, assets, liabilities, records, property, appropriations, and employees of the state land office within the Indiana department of administration on June 30, 2012, are transferred to the state land office within the department.

As added by P.L.151-2012, SEC.9.