La. Admin. Code tit. 34, § XIII-1906 - Multiyear Contracts
A. Term. Except
as otherwise provided in this section, no contract for goods or services may be
entered into for periods of more than ten years. Payment and performance
obligations for fiscal years after the initial year shall be subject to the
availability and appropriation of funds therefor. No contract shall be entered
into for more than one year unless the length of the contract was clearly
stated in the specifications included in the solicitation. With respect to all
multiyear contracts, there shall be no provisions for a penalty to the
university for the cancellation or early payment of the contract.
B. Sponsored Agreements or Joint Agreements.
Contracts or amendments to existing or future agreements or amendments issued
under the authority of sponsored agreements or joint agreements between the
Board of Regents and federal agencies for research, educational, or
infrastructure development activities, and contracts or amendments to existing
contracts issued by university under the authority of sponsored agreements or
joint agreements issued by federal agencies or private sponsored agreements,
may be entered into for a period corresponding to the performance period of the
contract or agreement.
C. Capital
Investments/Gifts. A nonexclusive contract with a vendor who has made a gift to
the university of equipment utilized for promoting products and university
activities at a substantial cost to the vendor, and which covers products for
resale within the institution, may be entered into for a period not to exceed
10 years.
D. Term of Revenue
Generating Contracts. Nothing in this Section shall limit the term of revenue
generating contracts.
E.
Exceptions. Notwithstanding the limitations set forth in this section,
contracts of any type may be entered into for a longer term upon the express
authorization of the management board, based on the written recommendation of
the CPO and the chancellor that:
1.
estimated, requirements cover the period of the contract and are reasonably
firm and continuing; and
2. such a
contract will serve the best interests of the university by encouraging
effective competition or otherwise promoting economies in university
procurement, which recommendation shall also state the estimated savings to be
obtained by entering into a multiyear contract.
Notes
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