Louisiana Revised Statutes 39:2004 – State goals for procurements and public contracts
Terms Used In Louisiana Revised Statutes 39:2004
- Commissioner: means the commissioner of administration. See Louisiana Revised Statutes 39:2002
- Contract: A legal written agreement that becomes binding when signed.
- Data: means recorded information, regardless of form or characteristic. See Louisiana Revised Statutes 39:2002
- Goal: means a numerically expressed objective relating to state procurements and public works contracts that a state agency or contractor is encouraged to make a good faith effort to achieve. See Louisiana Revised Statutes 39:2002
- Procurement: means the buying, purchasing, renting, leasing, or otherwise obtaining any materials, supplies, services, or major repairs, personal services, professional services, consulting services, or social services. See Louisiana Revised Statutes 39:2002
- Small entrepreneurship: means any corporation, partnership, individual, sole proprietorship, joint stock company, joint venture, or any other legal entity which meets the criteria for certification by the secretary of the Department of Economic Development pursuant to Louisiana Revised Statutes 39:2002
The commissioner of administration shall establish annual goals for small entrepreneurship participation in state procurements and public contracts. The commissioner shall determine the appropriate level and number of goals for each year. The formulation of each goal shall be based on historical procurement and public contracting data and any other factors which the commissioner deems useful. As part of development of goals, the commissioner may consider the capacity of small entrepreneurships available to participate in meeting goals, which may be determined based on past experience, available small entrepreneurship certifications, and recognized industry composition. The commissioner shall provide guidance to agencies with respect to estimation of dollar values for anticipated procurement and contract activity to be used in the development of a goal. Agencies shall report any data required by the commissioner in this regard in accordance with a schedule established by the commissioner.
Acts 2005, No. 440, §1, eff. July 11, 2005.