{"data":{"id":"us-in/ic-9-14.1-5-3","jurisdiction":"us-in","citation":"IC 9-14.1-5-3","heading":"Appraisals","body":"Sec. 3. The value of all:\n(1) purchases of supplies, fixtures, and equipment;\n(2) purchases of real property; and\n(3) lease agreements and contracts;\nshall be appraised by the Indiana department of administration or by an independent appraiser, at the discretion of the Indiana department of administration. The cost of a purchase, lease agreement, or contract may not exceed the appraised value.","path":["TITLE 9. MOTOR VEHICLES","ARTICLE 14.1. LICENSE BRANCHES","Chapter 5. Audits, Budgets, and Procurement"],"source_url":"https://iga.in.gov/ic/2026/Title_9.html#9-14.1-5-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-07-08T17:54:09Z","sha256":"5f7345d563c17bdb27746c52394afe7913316f7802964f79fa3467e6502c8d0d","source_id":"us-in","stale":false,"prev":"us-in/ic-9-14.1-5-2","next":"us-in/ic-9-14.1-5-4"},"notice":"GroundRules: Original legal text. Not legal advice."}