Appraisal; supplies, fixtures, and equipment; real property; lease
agreements and contracts
Sec. 3. The value of all:
(1) purchases of supplies, fixtures, and equipment;
(2) purchases of real property; and
(3) lease agreements and contracts;
shall 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.
As added by P.L.2-1991, SEC.4.
Last modified: May 27, 2006