Indiana Code 24-1-2-3. Restraint of bidding for letting contracts; offense
Current as of: 2024 | Check for updates
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Attorney's Note
Under the Indiana Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class A misdemeanor | up to 1 year | up to $5,000 |
Terms Used In Indiana Code 24-1-2-3
- Contract: A legal written agreement that becomes binding when signed.
Sec. 3. A person who engages in any scheme, contract, or combination to restrain or restrict bidding for the letting of any contract for private or public work, or restricts free competition for the letting of any contract for private or public work, commits a Class A misdemeanor.
Formerly: Acts 1907, c.243, s.3. As amended by Acts 1978, P.L.2, SEC.2404.