La. Admin. Code tit. 4 § V-4905

Current through Register Vol. 50, No. 9, September 20, 2024

Section V-4905 - Remittance Schedule

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.

Remittance Schedule
Fiscal Year 2016: Rebate to be a minimum of 1% of gross sales under statewide cooperative contracts
Fiscal Quarters	Months	Vendor's Due Date
Quarter 1	July 1^st-September 30^th	October 31st
Quarter 2	October 1^st-December 31*	January 31st
Quarter 3	January 1-March31	April 30th
Quarter 4	April 1^st-June 30^th	July 31st
---	---	15 Calendar Days Following the Termination of the Contract for any reason

La. Admin. Code tit. 4, § V-4905

Promulgated by the Office of the Governor, Division of Administration, Office of State Procurement, LR 42:2063 (October 2015).

AUTHORITY NOTE: Promulgated in accordance with R.S. 39:4 and R.S. 39:1706(C) and (D).