Louisiana Administrative Code
Title 34 - GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY CONTROL
Part V - Procurement
Chapter 1 - General Provisions
Section V-133 - Multi-Year Contracts
Universal Citation: LA Admin Code V-133
Current through Register Vol. 50, No. 9, September 20, 2024
A. Contracts in excess of one year shall be submitted to the Office of Contractual Review with written reasons why a multi-year contract is needed. Justification of multi-year contracts shall be submitted in accordance with R.S. 39:1514 in compliance with the delegation of authority from the Commissioner of Administration.
B. Any contracts which cross fiscal years should contain a funding-out clause in accordance with R.S. 39:1514.
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1490(B).
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