IN SB0343

Amends IC 5-14-1.5-6.1 to allow governing bodies to conduct executive sessions to discuss strategy regarding the sale of real property.

Expands executive session authority to include discussions of property leases where the governing body acts as either lessor or lessee.

Strategy discussions for real estate transactions must remain necessary for competitive or bargaining reasons and cannot include competitive or bargaining adversaries.

Executive sessions under this provision apply only until a contract or option to purchase, sell, or lease is executed by the parties.

Becomes effective July 1, 2012.