Terms Used In Louisiana Revised Statutes 24:571

  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10

PART III. LOUISIANA TRANSPARENCY PORTAL

§571. Definitions

            (1) “Auditor” means the legislative auditor.

            (2) “Contract” means an agreement to which a state agency is a party, regardless of what the agreement may be called, and shall include an order, grant, or document purporting to represent a grant for the purchase or disposal of supplies, services, major repairs, or any other item; an award or notice of award of a contract of a fixed-price, cost, cost-plus-a-fixed-fee, or incentive type; a contract providing for the issuance of job or task orders; lease; letter contract; a purchase order; a memorandum of understanding between a state agency and a nonstate entity; a cooperative endeavor agreement between a state agency and a nonstate entity; incentive expenditure documentation; and a personal, professional, consulting, or social services contract.

            (3) “Incentive expenditure” shall have the meaning ascribed to it in La. Rev. Stat. 39:2.

            (4) “State agency” solely for the purposes of this Part means any state office, department, board, commission, institution, division, officer or other person, or functional group, heretofore existing or hereafter created, that is authorized to exercise, or that does exercise, any functions of the government of the state in the legislative, judicial, or executive branch, including higher education agencies and state retirement systems.

            (5) “Website” means the Louisiana Transparency Portal.

            Acts 2023, No. 446, §1, see Act.