Indiana § 36-1-9.5-39 Accepted net current assets; determination

Indiana Statutes

§ 36-1-9.5-39 — Accepted net current assets; determination

Indiana § 36-1-9.5-39

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 9.5Qualifications of Bidders for Certain Contracts

This text of Indiana § 36-1-9.5-39 (Accepted net current assets; determination) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-1-9.5-39 (2026).

Text

An entity shall do the following in determining accepted net current assets:

(1)Deduct receivables excluding retainage from nongovernmental agencies more than one (1) year old.

(2)Consider notes due not later than one (1) year from the date of the financial statement date to be current liabilities.

(3)Deduct any notes due more than twelve (12) and less than twenty-four (24) months from the date of the financial statement from net fixed assets, and deduct the excess, if any, from the book value of the equipment and net current assets.

(4)Not deduct notes due more than twenty-four (24) months after the date of the financial statement for prequalification purposes.

Free access — add to your briefcase to read the full text and ask questions with AI

An entity shall do the following in
determining accepted net current assets:
(1) Deduct receivables excluding retainage from
nongovernmental agencies more than one (1) year old.
(2) Consider notes due not later than one (1) year from the date of
the financial statement date to be current liabilities.
(3) Deduct any notes due more than twelve (12) and less than
twenty-four (24) months from the date of the financial statement
from net fixed assets, and deduct the excess, if any, from the book
value of the equipment and net current assets.
(4) Not deduct notes due more than twenty-four (24) months after
the date of the financial statement for prequalification purposes.