§ 36-8-13-7 — Purchase of firefighting apparatus and equipment; procedure

(a) All purchases of firefighting apparatus and
equipment shall be made in the manner provided by statute for the
purchase of township supplies. If the amount involved is sufficient to
require notice under statutes for bids in connection with the purchase
of apparatus or equipment, the notice must offer all bidders the
opportunity of proposing to sell the apparatus and equipment to the
township upon a conditional sale or mortgage contract.
(b) A bidder proposing to sell on a conditional sale or mortgage
contract shall state in the bidder's bid the proposed interest rate and
terms of it, to be considered by the township executive and legislative
body in determining the best bid received.
(c) All bids submitted must specify the cash price at which the
bidder proposes to sell the apparatus or equipment to the township so
that the executive and legislative body may determine whether it is in
the best interest of the township to purchase the apparatus or
equipment on the terms of a conditional sale or mortgage contract
proposed by the bidder or to purchase it for cash if sufficient funds are
available or can be raised by negotiating a loan with a financial
institution in accordance with this section.
[Pre-Local Government Recodification Citation: 17-4-18-1
part.]
As added by Acts 1981, P.L.309, SEC.65. Amended by
P.L.127-2017, SEC.272.