{"data":{"id":"us-in/ic-4-20.5-7-10.7","jurisdiction":"us-in","citation":"IC 4-20.5-7-10.7","heading":"Transfer of property to person for property of like value","body":"Sec. 10.7. (a) The department may transfer state property to a person in exchange for property of like value transferred by the person to the state:\n(1) to:\n(A) settle a dispute relating to either or both of the properties; or\n(B) improve:\n(i) the state's ability to manage state property; or\n(ii) access to state property; and\n(2) without offering to transfer the state property:\n(A) to state agencies, state educational institutions, or a political subdivision under this chapter; or\n(B) after a sale of the property under this chapter.\n(b) The department must establish that properties exchanged under this section are of like value through appraisals or other means approved by the commissioner.","path":["TITLE 4. STATE OFFICES AND ADMINISTRATION","ARTICLE 20.5. STATE REAL PROPERTY","Chapter 7. Disposition of Property"],"source_url":"https://iga.in.gov/ic/2026/Title_4.html#4-20.5-7-10.7","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-30T06:26:00Z","sha256":"245d9e248ccd890eb4896a02a22aafa6ebacddb58e45b2834a5ed23cd54bab47","source_id":"us-in","stale":false,"prev":"us-in/ic-4-20.5-7-10.5","next":"us-in/ic-4-20.5-7-11"},"notice":"GroundRules: Original legal text. Not legal advice."}