A request to renew an existing PSCRB-approved contract must be submitted and approved by PSCRB before the contract expires. If approval by an appropriate regulatory board is required, such approval must be obtained in sufficient time for the submission deadline contained in Section 7-105 to be met. Spending authority for the current term of the contract should be requested. Authority for any optional renewal years should be requested when the contract is renewed. Renewal terms included in a contract are optional and are exercised at the agency's discretion. When a contract is originally approved, the PSCRB is only approving the option to renew, not the actual renewal. The agency must submit the renewal document and supporting documentation for approval by the PSCRB prior to the contract expiring and in sufficient time to meet the submission deadline. Retroactive approval of a renewal cannot be granted. Once a contract has expired or terminated, the contract cannot be retroactively approved or renewed. MS AG Op., Stringer (June 25, 1999).
27 Miss. Code. R. 100-7-110