Procurement system
Sec. 5. (a) Notwithstanding IC 5-16, IC 5-17-1, and IC 5-22, the
commission may develop a system of procurement that applies only
to procurement of equipment, materials, and goods required for the
operation of license branches.
(b) A system of procurement adopted under this section must
provide that whenever:
(1) a contract is awarded by acceptance of bids, proposals, or
quotations; and
(2) a trust (as defined in IC 30-4-1-1(a)) submits a bid, proposal,
or quotation;
the bid, proposal, or quotation must identify each beneficiary of the
trust and each settlor empowered to revoke or modify the trust.
(c) This section does not apply to the purchasing, leasing, or
disposal of real property.
As added by P.L.2-1991, SEC.4. Amended by P.L.49-1997, SEC.39.
Last modified: May 27, 2006