Louisiana Administrative Code
Title 34 - GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY CONTROL
Part III - Facility Planning and Control
Chapter 5 - Rental and Lease Procedure
Section III-512 - Lease Clauses
Current through Register Vol. 50, No. 9, September 20, 2024
A. A lease may include clauses providing for equitable adjustments in prices, time for performance, or other contract provisions, as appropriate, covering such subjects as:
B. A lease may include clauses providing for appropriate remedies covering such subjects as:
C. A lease may also provide that in the event that the lessor fails to fulfill or comply with the terms of any contract, he may be subject to disqualification on future state projects and the chief procurement officer may award the contract to the next lowest responsible bidder, subject to acceptance by that bidder, and charge the difference in cost to the defaulting lessor.
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1551-1736.