Indiana § 20-27-4-6 - Manner of purchase
Full text of Indiana Indiana Code § 20-27-4-6 — Manner of purchase, with citation guidance and answers to common questions.
§ 20-27-4-6. Manner of purchase
Sec. 6. (a) The purchase of a school bus shall be made in the same manner as provided by law for the purchase of school supplies by a school corporation.
(b) If a school bus is purchased under a security agreement, the required notice to bidders or solicitation of bids must set:
(1) the length of time the security agreement shall run; and
(2) the terms of the security agreement, including the security agreement price and interest rate.
(c) The low bid for a security agreement shall be determined by adding to each bidding price the net interest cost and then comparing the totals of the price and interest on each bid. A separate statement of each price shall be made to enable the governing body to determine the advisability of purchasing a school bus under a security agreement.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-9.1-6-6.]
As added by P.L.1-2005, SEC.11. Amended by P.L.233-2015, SEC.182.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-27-4-6
What does Indiana Code § 20-27-4-6 cover?
Section 20-27-4-6 ("Manner of purchase") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-27-4-6?
A common citation format is "Indiana Code § 20-27-4-6" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-27-4-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.