Indiana Code 8-15-2-25. Separate contracts for similar purposes under IC 8-15-2-5(7) restricted; bidding requirement
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Terms Used In Indiana Code 8-15-2-25
- Authority: refers to the Indiana finance authority established by Indiana Code 8-15-2-4
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 25. Unless the authority publicly declares an emergency, it may not during any six (6) month period make separate contracts or agreements with another party for similar purposes under section 5(7) of this chapter without advertising for and accepting public bids, if the aggregate cost of the separate contracts or agreements is more than ten thousand dollars ($10,000).
As added by Acts 1977, P.L.112, SEC.2. Amended by Acts 1980, P.L.74, SEC.257; Acts 1982, P.L.6, SEC.9; Acts 1982, P.L.62, SEC.11; P.L.109-1983, SEC.29.