105 IAC 6-1-1 - Real estate speculation prohibited

Authority: IC 8-9.5-4-8; IC 8-13-1-6

Affected: IC 8-9.5-4; IC 8-13-1-11

Sec. 1.

BE IT RESOLVED (1) that it is the policy of this Commission that officials, agents or employees thereof, shall not speculate in the purchase of real estate in the State of Indiana, where such real estate is or may be involved in the building programs of the Indiana State or Federal Highways; (2) that if any official, agent or employee of this Commission shall directly or indirectly, acting singly or in concert with others, acquire any interest for speculative purposes in real estate in the State of Indiana of any kind or character which real estate is or may be involved in the manner aforesaid, such acquisition shall constitute (cause) for dismissal.

Notes

105 IAC 6-1-1

Indiana Department of Transportation; Speculating in Real Estate; filed Jun 21, 1965, 10:00 a.m.: Rules and Regs. 1966, p. 48; readopted filed Nov 7, 2001, 3:20 p.m.: 25 IR 899; readopted filed Jun 14, 2007, 2:45 p.m.: 20070627-IR-105070237RFA; readopted filed Oct 2, 2013, 11:39 a.m.: 20131030-IR-105130295RFA Readopted filed 10/4/2019, 9:49 a.m.: 20191030-IR-105190422RFA

Transferred from Department of Highways ( 120 IAC 1-1-1 ) to Indiana Department of Transportation ( 105 IAC 6-1-1 ) by P.L. 112-1989, SECTION 5, effective July 1, 1989.