Indiana Code 14-18-4-7. Award of lease to highest and best bidder

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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}

Sec. 7. After the interview, the department may award the lease to the highest and best bidder.

[Pre-1995 Recodification Citation: 14-3-9.5-5 part.]

As added by P.L.1-1995, SEC.11.