Indiana § 5-35.7-5-2 State agency periodic report of contracts; budget committee

Indiana Statutes

§ 5-35.7-5-2 — State agency periodic report of contracts; budget committee

Indiana § 5-35.7-5-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 35.7FISCAL INTEGRITY AND CONTRACT

Ch. 5Review of Amendments

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Bluebook

Ind. Code § 5-35.7-5-2 (2026).

Text

A state agency shall provide a report to the budget committee not later than January 1, April 1, July 1, and October 1 of each year, in the form and manner designated by the budget committee, that details the contract amendments entered into by the state agency since the date of the last report under this section to which at least one (1) of the following applies:

(1)For any contract, increase the maximum contract amount by an amount that is not less than five hundred thousand dollars ($500,000).

(2)For an initial contract with a maximum contract amount of not less than five hundred thousand dollars ($500,000), extend the term of the initial contract for a period of not less than six (6) months.

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A state agency shall provide a report to the
budget committee not later than January 1, April 1, July 1, and October
1 of each year, in the form and manner designated by the budget
committee, that details the contract amendments entered into by the
state agency since the date of the last report under this section to which
at least one (1) of the following applies:
(1) For any contract, increase the maximum contract amount by
an amount that is not less than five hundred thousand dollars
($500,000).
(2) For an initial contract with a maximum contract amount of not
less than five hundred thousand dollars ($500,000), extend the
term of the initial contract for a period of not less than six (6)
months.