§ 5-22-8-1 Applicability of chapter
§ 5-22-8-1.5 Purchases from a youth agricultural education program
§ 5-22-8-2 Purchases below $50,000
§ 5-22-8-3 Purchases between $50,000 and $150,000

Terms Used In Indiana Code > Title 5 > Article 22 > Chapter 8 - Small Purchases

  • 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.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5