Indiana Administrative Code
Title 80 - STATE FAIR COMMISSION
Article 8 - PROCUREMENT OF SERVICES AND SUPPLIES
Rule 3 - Methods of Source Selection and Contract Formation
Section 3-12 - Identification of each beneficiary and empowered settlor
Universal Citation: 80 IN Admin Code 3-12
Current through March 20, 2024
Authority: IC 15-13-2-9; IC 15-13-3-8
Affected: IC 15-13-2; IC 30-4-1-1
Sec. 12.
(a) This section applies whenever a contract is awarded by sealed bidding or acceptance of proposals.
(b) A bid or proposal submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each of the following:
(1)
Beneficiary of the trust.
(2)
Settlor empowered to revoke or modify the trust.
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