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RESOLUTION NO. 2024/13 RESOLUTION APPOINTING THE AUTHORIZED SIGNATORY FOR LOCAL PUBLIC AGENCY STATE CONTRACTS WHEREAS, the City of Greenfield, Indiana has been informed by the Indiana Department of

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What is itp contracts?

ITP contracts refer to In-Trust Payment contracts, which are agreements that detail the terms and conditions under which payments are made for services or products, often involving a third party holding the funds in trust.

Who is required to file itp contracts?

Entities that engage in transactions involving in-trust payments, including businesses and organizations that handle funds on behalf of others, are required to file ITP contracts.

How to fill out itp contracts?

To fill out ITP contracts, the involved parties should provide detailed information about the transaction, including the parties involved, the amount of money to be handled, terms of payment, and any relevant conditions or obligations.

What is the purpose of itp contracts?

The purpose of ITP contracts is to establish clear guidelines for the handling of funds held in trust, ensuring accountability and transparency between all parties involved in the transaction.

What information must be reported on itp contracts?

The information that must be reported on ITP contracts includes the names of the parties, the amount of money involved, the purpose of the trust, terms of disbursement, and any applicable conditions or obligations.

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