Application of section; sealed bid or quotation submitted by

trust Sec. 2.5. (a) This section applies whenever a contract is awarded by competitive sealed bidding or acceptance of quotations. (b) A bid or quotation submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each: (1) beneficiary of the trust; and (2) settlor empowered to revoke or modify the trust. As added by P.L.336-1989(ss), SEC.10.