Section 5-4-1-0.5 - "Contractor" As used in this chapter, "contractor" means an individual or entity that:
(1) enters into a contractual relationship with a city, town, county, or township;(2) has a fiduciary relationship with or performs a fiscal responsibility for the city, town, county, or township; and(3) is not insured, for purposes of the individual's or entity's accounts, by the Federal Deposit Insurance Corporation.Added by P.L. 188-2016, SEC. 1, eff. 7/1/2016.