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IN HB1605
Bill
Status
4/3/2019
Primary Sponsor
Holli Sullivan
Click for details
AI Summary
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Highway work contracts no longer require acknowledgment before an officer authorized to administer oaths; contracts still must be signed by the commissioner and contracting parties and approved by the attorney general.
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Contractor qualification certificates issued by the Indiana Department of Transportation now valid for 24 months, increased from the previous 1-year period.
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Department must adopt rules (including emergency rules) establishing financial statement requirements for applicants seeking contractor qualification, replacing prior statutory thresholds requiring audited or reviewed statements at $1 million and $200,000 levels.
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Indiana Department of Transportation exempted from real property conveyance recording requirements that apply to other entities, including acknowledgment requirements and mailing address disclosure rules.
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INDOT leases under IC 8-23-2 exempted from the requirement that real estate leases longer than 3 years be recorded within 45 days of execution.
Legislative Description
Department of transportation matters. Removes a provision requiring each contract for highway work to be acknowledged before an officer authorized to administer oaths. Provides that a certificate of qualification issued by the department of transportation (department) is valid for a period of 24 months. Allows the department to adopt rules concerning eligibility and qualification requirements for bidders of contracts. Exempts the department from certain real property recording requirements. Makes conforming amendments.
Last Action
Public Law 14
4/3/2019