Section 80IAC8-3-8. Approval of contracts, amendments, and renewals

   (a) The executive director, on behalf of the commission, shall approve contracts that are:

(1) less than one hundred thousand dollars ($100,000); or

(2) special procurements meeting the terms of section 7(a)(1) or 7(a)(6) of this rule, where expediency and timeliness are essential.

  (b) Contracts that have a value of at least fifty thousand dollars ($50,000) over the term of the contract are subject to the review and approval of the office of attorney general as to form and legality.

  (c) The commission shall approve contracts that have a value of at least one hundred thousand dollars ($100,000) over the term of the contract.

  (d) Contract amendments or modifications may be entered into by the commission, and the approval requirements under this section shall apply.

  (e) The commission may enter into contract renewals so long as such renewal is provided for in the contract. Renewals that do not contain any amendments or modifications do not require approval by the commission as described in subsection (c) or the office of the attorney general. (State Fair Commission; 80 IAC 8-3-8; filed Nov 7, 2016, 3:46 p.m.: 20161207-IR-080160210FRA)