§ 5-1-4-28 — Supplemental effect

Indiana § 5-1-4-28

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1: BONDS AND OTHER OBLIGATIONS
• Ch. 4: Hospital Bonding Authorities

Text

(a) This chapter provides a complete,
additional, and alternative method for the doing of the things
authorized in this chapter and is supplemental and additional to powers
conferred by other laws.
(b) The issuance of bonds and refunding bonds under this chapter
need not comply with the requirements of any other law applicable to
the issuance of bonds. In the construction and acquisition of a project
under this chapter, an authority need not comply with:
(1) IC 5-17-1; or
(2) any competitive bidding law or other restrictions imposed on
the procedure for award of contracts for the construction and
equipment of a project or the lease, sale, or disposition of property
of an authority.
(c) If the prospective lessee requests in writing, an authority shall
call for construction bids in the manner as determined by the authority
with the approval of the lessee.
(d) Except as otherwise expressly provided in this chapter, none of
the powers granted to an authority under this chapter shall be subject
to the supervision or regulation or require the approval or consent of
any political subdivision, commission, board, body, bureau, official, or
agency of a political subdivision or the state.
(e) This subsection applies if the authority disposes of real property
or awards a contract for the procurement of property by acceptance of
bids, proposals, or quotations. A bid, proposal, or quotation submitted
by a trust (as defined in IC 30-4-1-1(a)) must identify each:
(1) beneficiary of the trust; and
(2) settlor empowered to revoke or modify the trust.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.
As amended by P.L.3-1989, SEC.26; P.L.336-1989(ss),
SEC.13.