Louisiana Administrative Code
Title 4 - ADMINISTRATION
Part V - Policy and Procedure Memoranda
Chapter 49 - Rebate Schedule for Cooperative Purchasing PPM Number 54
Section V-4905 - Remittance Schedule
Current through Register Vol. 50, No. 9, September 20, 2024
A. The rebate shall be contractual and shall be negotiated, and shall be a minimum of 1 percent of a vendor's gross aggregate sales under its state-wide contract unless agreed to otherwise. The rebate should be remitted by the vendor to the Office of State Procurement in accordance with this remittance schedule.
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Remittance Schedule |
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Fiscal Year 2016: Rebate to be a minimum of 1% of gross sales under statewide cooperative contracts |
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Fiscal Quarters |
Months |
Vendor's Due Date |
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Quarter 1 |
July 1st-September 30th |
October 31st |
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Quarter 2 |
October 1st-December 31* |
January 31st |
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Quarter 3 |
January 1*-March31* |
April 30th |
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Quarter 4 |
April 1st-June 30th |
July 31st |
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15 Calendar Days Following the Termination of the Contract for any reason |
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:4 and R.S. 39:1706(C) and (D).
