Sec. 3.2. (a) This section applies to a city having a population of:
(1) more than eighty thousand (80,000) but less than eighty thousand four hundred (80,400);
(2) more than twenty-nine thousand six hundred (29,600) but less than twenty-nine thousand nine hundred (29,900); or
(3) more than eighty thousand five hundred (80,500) but less than one hundred thousand (100,000).
(b) Notwithstanding section 3(c) of this chapter, the fiscal body of a city must approve:
(1) every sale of real property having an appraised value of ten thousand dollars ($10,000) or more;
(2) every lease of real property for which the total annual rental payments will be five thousand dollars ($5,000) or more; and
(3) every transfer of real property under section 14 or 15 of this chapter.
As added by P.L.124-1998, SEC.12. Amended by P.L.170-2002, SEC.138; P.L.119-2012, SEC.177.
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