Contracts to provide supplies to body corporate and politic; submission of bids by trusts; contents
Known as the Financial Reorganization Act
The act spans §§ 4-13-2-0.1 to 4-13-2-9 (48 sections).
As added by P.L.336-1989(ss), SEC.3.
Sec. 5.2. (a) This section applies to a body corporate and politic.
(b) Whenever a contract to provide supplies to the body corporate and politic is awarded by competitive sealed bidding, a bid 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.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.