Sec. 2. (a) A contract involving more than seventy-five thousand dollars ($75,000) must be:
(1) in writing;
(2) executed in the name of the board by:
(A) the board's business manager; or
(B) another board designated employee; and
(3) approved by the board.
(b) If money for a contract or purchase has been appropriated by the board, the designated employee may make contracts and purchases not exceeding seventy-five thousand dollars ($75,000) in any one (1) transaction. A contract and purchase under this subsection must be reported to the board at its next regular meeting.
(c) A purchase of supplies or materials may not be made from one (1) person, firm, limited liability company, or corporation at any one (1) time or in any one (1) transaction totalling more than ten thousand dollars ($10,000) unless bids for the purchase of the supplies or the materials have been advertised and accepted. The board shall determine the mode and manner of advertising for bids for supplies and materials.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-11-15.]
As added by P.L.1-2005, SEC.9.
Structure Indiana Code
Article 25. Indianapolis Public Schools
Chapter 4. General Administrative Provisions
20-25-4-1. Contracts or Obligations; Appropriations
20-25-4-2. Contracts Involving More Than $75,000; Bidding for Supplies and Materials
20-25-4-3. School Building Improvements; Bidding Procedure
20-25-4-4. Designation of Bid Committee; Opening and Tabulating of Bids
20-25-4-10. Limitations on Debt; Eminent Domain Power of Board of School Commissioners
20-25-4-11. Board of School Commissioners; Powers and Duties Conferred by Law
20-25-4-12. Board of School Commissioners; Powers; Prohibited Land Acquisitions
20-25-4-13. Operating Expenses for Special Schools and Vacation Schools; Imposition of Fees
20-25-4-14. School Cities; Power to Sell Real Estate and Transfer Personal Property
20-25-4-15. Absence of Board Commissioners or Employees; Reimbursement for Expenses
20-25-4-16. Industrial or Manual Training and Education System; Establishment
20-25-4-18. Authority of School Cities to Accept Property in Trust
20-25-4-19. School Lunches; Expenses
20-25-4-20. Applicability of General School Laws