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IN SB0300
Bill
AI Summary
Senate Enrolled Act No. 300 Summary
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Requires all sales of state agency property to be conducted by the commissioner under competitive bidding procedures and sold to the highest responsible bidder, effective July 1, 2018.
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Allows purchasing agencies to engage licensed auctioneers to conduct public auctions for property valued at $1,000 or more (single item) or $5,000 or more (multiple items).
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Mandates that the Indiana Department of Administration commissioner give preference to Indiana resident auctioneers when engaging auctioneers to conduct public auctions of state property.
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Requires auctioneers to include detailed property descriptions in advertising and to be paid from gross proceeds of sales before other expenses and liens are paid.
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Establishes preference for Internet auction sites owned or operated by persons licensed as auctioneers under Indiana Code when state agencies sell surplus property online.
Legislative Description
Disposal of surplus state personal property. Provides that surplus state personal property that is sold to the general public must be sold either at an auction conducted by an auctioneer licensed in Indiana or through an online auction. Provides that if an auctioneer is engaged to conduct the auction, the commissioner of the department of administration must give preference to an auctioneer who is a resident of Indiana to conduct the auction. Provides that when a state agency uses an Internet auction site to sell the agency's surplus property the purchasing agency shall give preference in selection of the Internet
Last Action
Public Law 58
3/13/2018