As used in this subchapter:(1) 'Commodities' means all supplies, goods, material, equipment, machinery, facilities, personal property, and services, other than personal and professional services, purchased for or on behalf of the school district;(2) 'Open market purchases' means those purchases of commodities by any purchasing official in which competitive bidding is not required;(3) 'Purchase' means and includes not only the outright purchase of a commodity but also the acquisition of commodities under rental-purchase agreements, lease-purchase agreements, or any other type of agreements whereby the school district has an option to buy the commodity and to apply the rental payments on the purchase price thereof;(4) 'Purchase price' means the full sale or bid price of any commodity without any allowance for trade-in; and(5) 'Purchasing official' means the board of directors of any school district or a lawfully designated agent of the school district with authority to contract or make purchases on behalf of the school district.Acts 1983, No. 639, § 1; A.S.A. 1947, § 80-551; Acts 1993, No. 896, § 1; 1997, No. 820, § 1.
Arkansas Legal Code