10-16-3-8. Procurement of property by state or local armory board; trust bid, proposal, or quotation

IN Code § 10-16-3-8 (2019) (N/A)
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Sec. 8. (a) This section applies if a contract for the procurement of property by the state armory board or a local armory board is awarded under this chapter by acceptance of bids, proposals, or quotations.

(b) A bid, proposal, or quotation 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.

[Pre-2003 Recodification Citation: 10-2-2-14.5.]

As added by P.L.2-2003, SEC.7.