La. Admin. Code tit. 4 § V-4905

Current through Register Vol. 50, No. 11, November 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 1st-September 30th

October 31st

Quarter 2

October 1st-December 31*

January 31st

Quarter 3

January 1*-March31*

April 30th

Quarter 4

April 1st-June 30th

July 31st

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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).