2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:1521 — Cost principles rules and regulations required


LA Rev Stat § 39:1521 What's This?

PART IV. COST PRINCIPLES

§1521. Cost principles rules and regulations required

The Office of Contractual Review shall issue rules and regulations setting forth cost principles which shall be used: (1) as guidelines in the negotiation of (a) equitable adjustments for state directed changes or modifications in contract performance and (b) settlements of contracts which have been terminated; (2) to determine the allowability of incurred costs for the purpose of reimbursing costs under contract provisions which provide for the reimbursement of costs, and (3) as appropriate in any other situation where the determination of the estimated or the incurred costs of performing contracts may be required.

Added by Acts 1978, No. 772, §1.

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