(a) As used in this section, a "purchase" means:
- (1) the purchase of materials, equipment, goods and supplies for at least ten thousand dollars ($10,000); or
- (2) the leasing of equipment for at least five thousand dollars ($5,000).
- (b) A state purchaser of materials (as described in IC 5-17-1 ) who fails to advertise (as defined in IC 5-3-1 ) for, receive, or consider bids for purchase commits unlawful competitive bidding, a Class A misdemeanor.
As added by P.L.126-2012, SEC.55.