Sec. 3. (a) This section does not apply to a discounted contractual arrangement for services or supplies funded through a designated leasing entity.
(b) Subject to subsections (c) through (e) and section 5 of this chapter, a contract for supplies may be entered into for a period not to exceed four (4) years.
(c) County and municipal hospitals may contract for the purchase of supplies for more than one (1) year but not more than five (5) years if the supplies are purchased under IC 5-22-7.
(d) The contract must specify that payment and performance obligations are subject to the appropriation and availability of funds.
(e) A political subdivision must have available a sufficient appropriation balance or an approved additional appropriation before a purchasing agent may award a contract.
As added by P.L.49-1997, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
5-22-17-1. Cost Plus a Percentage of Cost Contract
5-22-17-2. Cost Reimbursement Contract
5-22-17-3. Contracts for Supplies; Time Periods
5-22-17-4. Renewal of Contracts
5-22-17-6. Early Performance; Completion After Termination Date
5-22-17-7. Contract for Remediation of Hazardous Waste Site
5-22-17-8. Contract for Supplies and Services to Implement Ebt Program
5-22-17-9. Extension of Offers to Political Subdivisions
5-22-17-10. Contract for Petroleum Products
5-22-17-11. Contract for Sand, Gravel, Asphalt, Paving Materials, or Crushed Stone
5-22-17-12. Separate Contracts; Awarding Contract to an Offeror Other Than the Lowest Offeror