Indiana Code 4-13-1.6-16. Price contracts; use by school corporations
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Terms Used In Indiana Code 4-13-1.6-16
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- department: refers to the Indiana department of administration established by IC 4-13-1-2. See Indiana Code 4-13-1.6-2
- price contract: refers to a contract entered into by the department under section 11 of this chapter. See Indiana Code 4-13-1.6-4
- school corporation: has the meaning set forth in IC 20-18-2-16. See Indiana Code 4-13-1.6-5
Sec. 16. The department may require a school corporation that requests to use a price contract to agree to purchase major equipment items using the price contract as indicated in the school corporation‘s request.
As added by P.L.49-1997, SEC.10.