Indiana Code 4-13-1.6-6. Report by school corporation on major equipment purchases
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Sec. 6. Before January 1 of a school year, each school corporation may report to the department the following information concerning major equipment purchases:
(2) Any special requirements or specifications for the major equipment item the school corporation wishes to purchase, including the special requirements or specifications for the particular major equipment item:
(1) The school corporation‘s anticipated requirements for purchase of a particular major equipment item for the following school year under a price contract.
Terms Used In Indiana Code 4-13-1.6-6
- 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
- major equipment item: refers to any item that a school corporation considers:
Indiana Code 4-13-1.6-3
- school corporation: has the meaning set forth in IC 20-18-2-16. See Indiana Code 4-13-1.6-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(A) required by law; or
(B) that an entity authorized or required by law establishes.
(3) The cost of the major equipment items that will be purchased in each of the following categories:
(A) By cash.
(B) Under a security agreement.
(4) Other information requested by the department.
As added by P.L.49-1997, SEC.10.