Indiana § 36-1-9.5-42 Valuation of stocks and bonds; useful equipment

Indiana Statutes

§ 36-1-9.5-42 — Valuation of stocks and bonds; useful equipment

Indiana § 36-1-9.5-42

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 9.5Qualifications of Bidders for Certain Contracts

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Bluebook

Ind. Code § 36-1-9.5-42 (2026).

Text

An applicant must list the book value and the market value for stocks and bonds. An entity may not consider stocks and bonds as working capital unless market value, as determined or verified by the accountant, is given. Stocks and bonds shall be valued at the lesser of the book value or market. However, stocks or bonds listed on the New York Stock Exchange, American Stock Exchange, or over-the-counter on the National Association of Securities Dealers Automated Quotations list shall be valued at the market value. The value of useful equipment may be:

(1)the book value listed; or

(2)determined by the application of uniform depreciation schedules.

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An applicant must list the book value and
the market value for stocks and bonds. An entity may not consider
stocks and bonds as working capital unless market value, as determined
or verified by the accountant, is given. Stocks and bonds shall be
valued at the lesser of the book value or market. However, stocks or
bonds listed on the New York Stock Exchange, American Stock
Exchange, or over-the-counter on the National Association of
Securities Dealers Automated Quotations list shall be valued at the
market value. The value of useful equipment may be:
(1) the book value listed; or
(2) determined by the application of uniform depreciation
schedules.