6-21-301. Definitions.

Arkansas Code — all titles (historical 2020) · legal_authorities

6-21-301. Definitions.

6-21-301. Definitions. As used in this subchapter: (1) “Commodities” means all supplies, goods, material, equipment, machinery, facilities, personal property, and services, other than personal and professional services, purchased for or on behalf of the school district; (2) “Open market purchases” means those purchases of commodities by any purchasing official in which competitive bidding is not required; (3) “Purchase” means and includes not only the outright purchase of a commodity but also the acquisition of commodities under rental-purchase agreements, lease-purchase agreements, or any other type of agreements whereby the school district has an option to buy the commodity and to apply the rental payments on the purchase price thereof; (4) “Purchase price” means the full sale or bid price of any commodity without any allowance for trade-in; and (5) “Purchasing official” means the board of directors of any school district or a lawfully designated agent of the school district with authority to contract or make purchases on behalf of the school district.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-21-301

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.