Terms Used In Louisiana Revised Statutes 39:1552
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Procurement: means the buying, purchasing, renting, leasing, or otherwise obtaining any supplies, services, or major repairs. See Louisiana Revised Statutes 39:1556
A. Interpretation. This Chapter shall be construed and applied to promote its underlying purposes and policies.
B. Purposes and policies. The underlying purposes and policies of this Chapter are:
(1) To simplify, clarify, and modernize the law governing procurement by this state.
(2) To permit the continued development of procurement policies and practices.
(3) To provide for increased public confidence in the procedures followed in public procurement.
(4) To ensure the fair and equitable treatment of all persons who deal with the procurement system of this state.
(5) To provide increased economy in state procurement activities by fostering effective competition.
(6) To provide safeguards for the maintenance of a procurement system of quality and integrity.
Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.