Indiana § 5-17-1-3 Prescribed forms for trust bids, offers, proposals, estimates, or contracts

Indiana Statutes

§ 5-17-1-3 — Prescribed forms for trust bids, offers, proposals, estimates, or contracts

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 17 PUBLIC PURCHASES·Ch. 1 Purchases and Leases of Personal Property by State

(a)A purchaser may not make any purchase or contract for the purchase of any material, equipment, goods, or supplies or the lease of equipment unless the bid, offer, proposal, estimate, or contract of any person, firm, limited liability company, or corporation offering any and all such articles for sale or equipment for lease is executed upon the forms prescribed by the state board of accounts setting forth the quantity, quality, and purchase or lease price of every article and thing proposed for sale or lease.

(b)A bid, offer, proposal, estimate, or contract 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 1945, c.99, s.3. As amended by Acts 1977, P.L.61, SEC.3; P

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(a) A purchaser may not make any purchase or
contract for the purchase of any material, equipment, goods, or supplies
or the lease of equipment unless the bid, offer, proposal, estimate, or
contract of any person, firm, limited liability company, or corporation
offering any and all such articles for sale or equipment for lease is
executed upon the forms prescribed by the state board of accounts
setting forth the quantity, quality, and purchase or lease price of every
article and thing proposed for sale or lease.
(b) A bid, offer, proposal, estimate, or contract 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 1945, c.99, s.3. As amended by Acts 1977,
P.L.61, SEC.3; P.L.336-1989(ss), SEC.16; P.L.8-1993,
SEC.70.

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