Indiana Statutes
§ 5-22-15-10 — Computation of adjusted offer; formula
Indiana § 5-22-15-10
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 22PUBLIC PURCHASING
Ch. 15Purchasing Preferences
This text of Indiana § 5-22-15-10 (Computation of adjusted offer; formula) 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 § 5-22-15-10 (2026).
Text
(a)This section does not apply to an absolute
preference.
(b)If an offeror offers a preferred supply for a given supply item,
the purchasing agent shall compute an adjusted offer for that item
according to the following formula:
STEP ONE: Determine the price preference percentage for the
supply item under this chapter.
STEP TWO: Multiply the offeror's offer for the supply item by the
percentage determined under STEP ONE.
STEP THREE: Subtract the number determined under STEP
TWO from the offeror's offer for the supply item.
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Legislative History
As added by P.L.49-1997, SEC.1. Amended by P.L.79-2008,
SEC.5; P.L.133-2012, SEC.40.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-22-15-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-22-15-10.