Sec. 11. (a) Except as provided in subsection (f), the department may sell the property through any of the following:

(1) Competitive bids.

(2) By auction.

(3) By request for proposals.

(b) The department may enter into negotiations under this section with the respondent who has made the highest offer only if the negotiations are documented. The negotiation documentation must include the following:

(1) A log of the date and time of each meeting with a respondent. The log must include the identity of the respondent.

(2) A description of the nature of all communications with each respondent.

(3) Subject to subsection (d), a copy of all written communications, including electronic communications, with each respondent.

(c) Except as provided in subsection (d), the contents of the contract file concerning a sale under this section are subject to public inspection.

(d) Proprietary information included with a response, including trade secrets, manufacturing processes, and financial information that was not required to be made available for public inspection by the terms of the invitation for bids, live auction, or request for proposals, is not subject to public inspection.

(e) The negotiation documentation is subject to public inspection under this section only after the transfer of the property.

(f) If the department owns abandoned railroad corridor property and the abandoned railroad corridor property:

(1) has a value of not more than ten thousand dollars ($10,000); and

(2) abuts the property of an adjacent property owner;

then the department may sell the abandoned railroad corridor property to the adjacent property owner at the value of the appraised property.

As added by P.L.7-1993, SEC.7. Amended by P.L.33-2011, SEC.2; P.L.155-2015, SEC.2.