Louisiana Revised Statutes 43:26.1 – Louisiana Official Statement; State Bond Commission
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Terms Used In Louisiana Revised Statutes 43:26.1
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The State Bond Commission may order, contract, and pay for its own printing of the Official Statement pertaining to the issuance of state general obligation bonds after taking price quotes from at least three separate printers. Each printer shall represent that he has the capability to complete the necessary printing within the time frame stated to be necessary by the secretary of the commission. The printer agreeing to perform the necessary services in the required time for the lowest cost shall be used.
Added by Acts 1981, No. 664, §3, eff. July 20, 1981.