(a) As used in this chapter, "contract" means a contract for the purchase of:
- (1) real property;
- (2) tangible or intangible personal property; or
- (3) services (as defined in IC 5-22-2-30 ).
(b) The term does not include a contract concerning the issuance of:
- (1) a bond to finance the construction of a public facility; or
- (2) a bond or other type of security for the payment of a lease obligation.
As added by P.L.139-2024, SEC.1.