Indiana § 20-25-4-2 Contracts involving more than $75,000; bidding for supplies and
materials

Indiana Statutes

§ 20-25-4-2 — Contracts involving more than $75,000; bidding for supplies and materials

Indiana·Title 20 EDUCATION·Art. 25 INDIANAPOLIS PUBLIC SCHOOLS·Ch. 4 General Administrative Provisions

(a)A contract involving more than seventy-five thousand dollars ($75,000) must be:

(1)in writing;

(2)executed in the name of the board by:

(A)the board's business manager; or

(B)another board designated employee; and

(3)approved by the board.

(b)If money for a contract or purchase has been appropriated by the board, the designated employee may make contracts and purchases not exceeding seventy-five thousand dollars ($75,000) in any one (1) transaction. A contract and purchase under this subsection must be reported to the board at its next regular meeting.

(c)A purchase of supplies or materials may not be made from one

(1)person, firm, limited liability company, or corporation at any one

(1)time or in any one (1) transaction totalling more than ten thousand dollars ($10,000) unles

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(a) A contract involving more than seventy-five
thousand dollars ($75,000) must be:
(1) in writing;
(2) executed in the name of the board by:
(A) the board's business manager; or
(B) another board designated employee; and
(3) approved by the board.
(b) If money for a contract or purchase has been appropriated by the
board, the designated employee may make contracts and purchases not
exceeding seventy-five thousand dollars ($75,000) in any one (1)
transaction. A contract and purchase under this subsection must be
reported to the board at its next regular meeting.
(c) A purchase of supplies or materials may not be made from one
(1) person, firm, limited liability company, or corporation at any one
(1) time or in any one (1) transaction totalling more than ten thousand
dollars ($10,000) unless bids for the purchase of the supplies or the
materials have been advertised and accepted. The board shall
determine the mode and manner of advertising for bids for supplies and
materials.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-3-11-15.]

Indiana § 20-25-4-2 (Contracts involving more than $75,000; bidding for supplies and materials) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.