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§ 4-20-5-7-16 — Indiana Law | CourtGPT
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  4. Title 4 - State Offices and Administration/
  5. Article 20.5 - State Real Property/
  6. Chapter 7 - Disposition of Property4-20.5-7-1. Application of Chapter/
  7. § 4-20-5-7-16
Indiana Legal Code

§ 4-20-5-7-16

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(b) Subject to Article 8, Section 2 of the Constitution of the State of Indiana, the proceeds of a sale, after payment of expenses, shall be deposited in the state treasury and credited to the fund from which the property was purchased.(c) If the fund from which the property was purchased cannot be determined, the proceeds shall be deposited in the fund designated by the budget agency.(d) The proceeds of the sale are subject to allotment by the budget agency with the approval of the governor.As added by P.L.7-1993, SEC.7.