Indiana Statutes
§ 5-22-17-10 — Contract for petroleum products
(a)As used in this section, "petroleum
products" includes the following:
(1)Gasoline.
(2)Fuel oils.
(3)Lubricants.
(4)Liquid asphalt.
(b)A purchasing agent may award a contract for petroleum products
to:
(1)the lowest responsible and responsive offeror; or
(2)all responsible and responsive offerors.
(c)A contract entered into under this section may allow for the
escalation or de-escalation of price.
(d)This subsection applies to a petroleum products contract that is
awarded to all responsible and responsive offerors as provided in
subsection (b). The purchasing agent must purchase the petroleum
products from the lowest of the responsible and responsive bidders.
The contract must provide that the bidder from whom petroleum
products are being purchased shall provide five (5) busine
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Legislative History
As added by P.L.49-1997, SEC.1.
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Repealed§ 5-1-10-1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" defined