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Current as of January 01, 2023 | Updated by Findlaw Staff
A. All cost-reimbursement type contracts shall contain a provision that only costs recognized as allowable in accordance with cost principles set forth in rules and regulations, issued pursuant to Part IV of this Chapter will be reimbursable.
B. Payments may be made to the contractor for professional, personal, consulting, and social services contracts in advance of services being performed if the following conditions are met:
(1) The using agency has submitted, in writing, to the division of administration, office of state procurement, a certification that an advance is necessary in order to provide the services at the lowest total cost and that there is no other cost-effective source of such advance funding. The certification shall include a narrative setting out the facts which necessitate the advance funding.
(2) The advance is approved by the state chief procurement officer.
(3) Except as may be otherwise provided by law, the amount of such advance shall be limited to a sum not to exceed twenty percent of the total contract amount, excluding travel advances which shall be governed by applicable regulations.
(4) The contractor is a nonprofit corporation.
C. If local matching funds are available to fund the advance, no state monies shall be advanced through the contract.
D. If federal funds are used for the advance, federal regulations and statutes shall govern the use and amounts of advance payments made.
E. Interagency contracts as defined in R.S. 39:1556(30) are exempt from the provisions of Subsections B and C of this Section.
F. The provisions of this Section shall not be construed to authorize payments in advance of services to be performed pursuant to a professional service contract.
G. State funds may be expended to fund the advance only in the same fiscal year in which the funds are appropriated.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 39, § 1613. Reimbursement of costs for professional, personal, consulting, and social services contracts - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-39-sect-1613/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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