Bids, proposals, or quotations submitted by trusts;

requirements Sec. 14. If a board of managers disposes of real property or awards a contract for the procurement of property by acceptance of bids, proposals, or quotations, a bid, proposal, or quotation submitted by a trust (as defined in IC 30-4-1-1(a)) must identify the following: (1) The beneficiary of the trust. (2) The settlor empowered to revoke or modify the trust. [Pre-1993 Recodification Citation: 16-11-1-4(c).] As added by P.L.2-1993, SEC.7.