Indiana § 5-22-17-3 Contracts for supplies; time periods

Indiana Statutes

§ 5-22-17-3 — Contracts for supplies; time periods

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 22 PUBLIC PURCHASING·Ch. 17 Contracts

(a)This section does not apply to a discounted contractual arrangement for services or supplies funded through a designated leasing entity.

(b)Subject to subsections (c) through (e) and section 5 of this chapter, a contract for supplies may be entered into for a period not to exceed four (4) years.

(c)County and municipal hospitals may contract for the purchase of supplies for more than one (1) year but not more than five (5) years if the supplies are purchased under IC 5-22-7.

(d)The contract must specify that payment and performance obligations are subject to the appropriation and availability of funds.

(e)A political subdivision must have available a sufficient appropriation balance or an approved additional appropriation before a purchasing agent may award a contract.

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(a) This section does not apply to a discounted
contractual arrangement for services or supplies funded through a
designated leasing entity.
(b) Subject to subsections (c) through (e) and section 5 of this
chapter, a contract for supplies may be entered into for a period not to
exceed four (4) years.
(c) County and municipal hospitals may contract for the purchase of
supplies for more than one (1) year but not more than five (5) years if
the supplies are purchased under IC 5-22-7.
(d) The contract must specify that payment and performance
obligations are subject to the appropriation and availability of funds.
(e) A political subdivision must have available a sufficient
appropriation balance or an approved additional appropriation before
a purchasing agent may award a contract.

Indiana § 5-22-17-3 (Contracts for supplies; time periods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.