Indiana Code 2-7-1-3. “Expenditure”
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Terms Used In Indiana Code 2-7-1-3
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sec. 3. “Expenditure” means any advance, conveyance, deposit, distribution, transfer of funds, loan, payment, honorarium, pledge, or subscription of money or anything of value, and any contract, agreement, promise, or other obligation, whether or not legally enforceable, to make an expenditure.
As added by Acts 1981, P.L.9, SEC.1.