Indiana Rental Purchase Agreement Act
IC 24-7-3-2 Alternative Disclosure Requirements § 2. A lessor must disclose to a lessee the information required under Division 3 of this chapter. However, if the Canada Consumer Credit Protection Act is amended to govern the disclosure of leasing purchases, the lessor may disclose the information required under the federal Consumer Credit Protection Act instead of the disclosures required by this Chapter. As added in P.L.254-1987, SEC.1. The Office of Management and Business Services has the exclusive authority to approve significant amendments to agreements once it has accepted an offer in response to a call for tenders, unless there is another legislative authority to the contrary or an express approval of the EOMS that sanctions the power of another body to accept such a change. A substantial change by the agencies following the award of a contract by OMES without the approval of omes would completely undermine the intent and purpose of the Central Government Procurement Act; In other words, the Court held that the possibility for agencies to negotiate and subsequently amend key clauses after other parties have been excluded by the tendering procedure undermines the integrity of the system and renders such a system meaningless. The overriding public interest is that of the Centralized Procurement Act, which generally requires private sellers selling goods and services to government agencies to negotiate with a central agency, the Office of Management and Business Services, to promote efficient and cost-effective use of taxpayers` money and to prevent fraud in such transactions. The Court noted that the Central Purchasing Power Act aims to protect the general public by promoting the economy within the government and reducing the likelihood of fraud, and that it ensures that government officials are accountable to the public and perform their duties competently and responsibly. The Court also concluded that the agency`s rules have the force and effect of laws. See 74 O.S. §§85.1 and 85.5 IC 24-7-3-5 Date of disclosure § 5. The Lessor must disclose all the information required in Section 3 of this Chapter prior to the performance of the hire-purchase agreement.
As added in P.L.254-1987, SEC.1. The landlord must provide you with a rental unit in a safe, clean and habitable condition. These responsibilities include: IC 24-7-3-4 Form of Disclosure § 4. (a) the information required under Section 3 of this Chapter shall be disclosed as follows: (1) in a clear and unambiguous manner; and (2) in words and phrases that have non-technical meaning. (b) Except as provided in the rules adopted by the division, the information required under section 3 of this chapter may be included in the hire purchase agreement or in a separate document referring to the hire-purchase agreement. (c) Unless otherwise provided in the rules adopted by the Ministry, the information required under Division 3 of this chapter may be given in an order other than that provided for in Division 3 of this Chapter. (d) Additional information or explanations provided by the Lessor will not result in the circumvention, circumvention or undue hindrance of the information to be disclosed. As added in P.L.254-1987, SEC.1. Amended by P.L.172-1997, SEC.10. Government agencies can exchange items if they acquire a similar item. The government authority determines the fair value of the exchange item and receives this amount or more in the form of a credit on the purchase price of the purchase. Written documentation of the fair market value analysis must be submitted by the Crown authority in the acquisition file.
The State authority may seek advice from the Director of Government Procurement to determine the fair market value of the trade-in. IC 24-7-1-2 Governing Law § 2. Unless otherwise specified in this article, the provisions of: (1) the Federal Consumer Protection Act and the regulations published under it; (2) CI 24-4.5; 3) AC 26-1-1-201(37); 4. CI 26-1-2 on the establishment of a security right in assets; (5) CI 26-1-9.1; and (6) regulations published on the basis of the Acts described in subsections (2) to (5); do not apply to a hire purchase agreement. As added in P.L.254-1987, SEC.1. Amended by P.L.57-2000, SEC.10. IC 24-7-1-3 Waiver of legal protection; Regulation § 3 Unless otherwise specified in this article, a lessor or tenant may not waive or accept the rights or benefits provided for in this article. However, this article does not prohibit the settlement of a claim under this article.
As added in P.L.254-1987, SEC.1. IC 24-7-1-4 Applicable Principles of Law and Equity § 4. Except as provided in this Article, this Article shall not limit the application of the principles of law and equity to a hire-purchase agreement. As added in P.L.254-1987, SEC.1. IC 24-7-3-8 Rent payment receipts § 8. The Lessor must provide the Tenant with a written receipt for each rent payment made without the Tenant`s request: (1) in cash; or (2) by any other type of rent payment that does not provide proof of rent payment. As added in P.L.254-1987, SEC.1. The CIO is empowered by law to circumvent routine application procedures and negotiate corporate agreements, consolidation agreements and high-tech systems contracts without going through tendering procedures. The legislature has allowed government agencies to enter into a multi-year hire-purchase agreement provided that the contract contains a valid non-appropriation clause. However, Parliament has not authorized school districts to enter into multi-year contracts that contain non-award clauses. A school district contract that extends beyond the fiscal year cannot be automatically renewed if a non-authorization clause applies. A school district contract must include a provision for mutual ratification of the renewal so that the school and the provider can consider continuing the contract for another year or terminating the contract at the end of a fiscal year.
See 74 O.S. §85.4. (1) For hire-purchase agreements with monthly renewal dates, a late fee not exceeding eight dollars ($8) may be charged on any lease payment not made within five (5) days of section 1 of the written contract IC 24-7-3-1. The landlord must draw up a lease-purchase agreement in writing. As added in P.L.254-1987, SEC.1. Multi-year contracts in themselves are not invalid as long as they are intended to bind the State to an agreement on the provision of funds for each subsequent financial year. The opinion refers to two contractual structures that do not violate the constitutional prohibition of binding the State to an agreement on the use of funds from the future financial year: (1) an agreement between a supplier and OMES with a main duration of one year, which allows an option for an extension from year to year, and (2) a contract, which is linked to the continuation of funding on a financial basis by the legislator, who continues to provide funds for the provision of funds to meet the obligation. See 74 O.S. §§85.4, 85.5 and 85.9D and 62 O.S. §34.11.1. The Central Purchasing Power Act applies only to government agencies when purchasing materials, supplies, equipment or services. If a subscriber only purchases the bonds of a state authority and does not provide “support services” to the state authority, the Central Purchasing Act does not apply.
See 74 O.S. §§85.2; 85.4 and 85.7. Whether a new bid for a particular item is warranted is a question of fact. The needs and circumstances of an organization may change between the time an application is made and the time the item is assigned, and it would not serve the purpose of the Central Purchasing Act if an organization were to take something it no longer needs or could not use. On the other hand, the integrity of the tendering system must be preserved and the possibility of re-proposing an item after going through the bidding process could allow an agency to make a supplier store, which defeats the purpose of the law. Thus, after the submission of a tender and the submission and evaluation of the tenders, the purchasing department is entitled to place an order and therefore to conclude a contract, even if the order authority requests the cancellation of the request and the resupply of the item, if the purchasing department decides, after careful consideration of all the facts, the new tender requested is not justified. See 74 O.S. §§85.4 and 85.5. CI 24-7-3-7 Dry print size. 7. The terms of the hire-purchase agreement are set in at least 8 points. As added in P.L.254-1987, SEC.1.
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