Sec. 24. (a) “Purchase” includes buy, procure, rent, lease, or otherwise acquire.

     (b) The term includes the following activities:

Terms Used In Indiana Code 5-22-2-24

  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(1) Description of requirements.

(2) Solicitation or selection of sources.

(3) Preparation and award of contract.

(4) All phases of contract administration.

(5) All functions that pertain to purchasing.

As added by P.L.49-1997, SEC.1.