Indiana Code
Chapter 6. Ethics and Conflicts of Interest
4-2-6-10.5. Prohibition Against Financial Interest in Contract; Exceptions; Disclosure Statement; Penalty for Failure to File Statement

Sec. 10.5. (a) Subject to subsection (b), a state officer, an employee, or a special state appointee may not knowingly have a financial interest in a contract made by an agency.
(b) The prohibition in subsection (a) does not apply to a state officer, an employee, or a special state appointee who:
(1) does not participate in or have contracting responsibility for the contracting agency; and
(2) files a written statement with the inspector general before the state officer, employee, or special state appointee executes the contract with the state agency.
(c) A statement filed under subsection (b)(2) must include the following for each contract:
(1) An affirmation that the state officer, employee, or special state appointee does not participate in or have contracting responsibility for the contracting agency.
(2) An affirmation that the contract:
(A) was made after public notice and, if applicable, through competitive bidding; or
(B) was not subject to notice and bidding requirements and the basis for that conclusion.
(3) A statement making full disclosure of all related financial interests in the contract.
(4) A statement indicating that the contract can be performed without compromising the performance of the official duties and responsibilities of the state officer, employee, or special state appointee.
(5) In the case of a contract for professional services, an affirmation by the appointing authority of the contracting agency that no other state officer, employee, or special state appointee of that agency is available to perform those services as part of the regular duties of the state officer, employee, or special state appointee.
A state officer, employee, or special state appointee may file an amended statement upon discovery of additional information required to be reported.
(d) A state officer, employee, or special state appointee who:
(1) fails to file a statement required by rule or this section; or
(2) files a deficient statement;
before the contract start date is, upon a majority vote of the commission, subject to a civil penalty of not more than ten dollars ($10) for each day the statement remains delinquent or deficient. The maximum penalty under this subsection is one thousand dollars ($1,000).
As added by P.L.222-2005, SEC.8. Amended by P.L.123-2015, SEC.24.