Terms Used In Indiana Code 36-1-9.5-21

  • applicant: means a contractor or the subcontractor who seeks to do business with an entity. See Indiana Code 36-1-9.5-3
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • entity: means the following:

    Indiana Code 36-1-9.5-11

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
   Sec. 21. The submission of a statement under section 20 of this chapter by an applicant authorizes the entity to obtain all information that the entity considers relevant to the applicant’s financial worth, assets and liabilities, organization, personnel, work experience, prosecution of work on previous contracts, condition and adequacy of equipment.

As added by P.L.85-1991, SEC.3.