2019 Indiana Code
Title 10. Public Safety
Article 15. Indiana Homeland Security Foundation
Chapter 2. Indiana Homeland Security Foundation
10-15-2-9. Property of foundation
Sec. 9. (a) The foundation may acquire personal property to be donated under subsection (b). The foundation may receive donations of real property to be disposed of under subsection (c).
(b) As used in this subsection, "person" means an individual, a corporation, a limited liability company, a partnership, an unincorporated association, a trust, or a governmental entity. Subject to subsection (d), the foundation may donate personal property to the following:
(1) The department.
(2) The institute.
(3) The agency.
(4) A unit of local government.
(5) A person.
(c) The foundation shall dispose of real property donations in the following manner:
(1) Real property may be accepted by the foundation for purpose of resale, either on the open market or to the state or a unit of local government at a price set by the foundation.
(2) The proceeds from the sale of real property shall be donated to a fund that the donor has chosen or, if the donor has not chosen a fund, to a fund to be chosen by the foundation.
(d) The foundation must have the approval of the executive director to donate property to the state.
[Pre-2003 Recodification Citation: 10-9-2-9.]
As added by P.L.2-2003, SEC.6. Amended by P.L.101-2006, SEC.8.
