Ind. Code § 5-22-17-5
Funds not appropriated or available; contract cancellation; exemption for lease of state owned property
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 5. (a) This section does not apply to a contract for the lease of property owned by the state under which no state expenditures are required.
(b) When the fiscal body of the governmental body makes a written determination that funds are not appropriated or otherwise available to support continuation of performance of a contract, the contract is considered canceled.
(c) A determination by the fiscal body that funds are not appropriated or otherwise available to support continuation of performance is final and conclusive.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.