2018 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:1656 - Escalation clause

Universal Citation: LA Rev Stat § 39:1656 (2018)

§1656. Escalation clause

            Bid specifications may contemplate a fixed escalation or de-escalation in accordance with a recognized price index. Such index may include but not be limited to the United States Bureau of Labor Statistics, Consumer Price Index and Wholesale Price Index. Bids based on specifications which are subject to a recognized escalation index shall be legal and valid.

            Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.

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