Before January 1 of a school year, each school corporation may report to the department the following information concerning major equipment purchases:(1) The school corporation's anticipated requirements for purchase of a particular major equipment item for the following school year under a price contract.(2) Any special requirements or specifications for the major equipment item the school corporation wishes to purchase, including the special requirements or specifications for the particular major equipment item:(A) required by law; or(B) that an entity authorized or required by law establishes.(3) The cost of the major equipment items that will be purchased in each of the following categories:(A) By cash.(B) Under a security agreement.(4) Other information requested by the department.As added by P.L.49-1997, SEC.10.
Indiana Legal Code