reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1465 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1465. Sale of refunding bonds; interest rate

RS 1465 - Sale of refunding bonds; interest rate The refunding bonds shall be sold in such manner, at either public or nonpublic sale, as may be determined by the State Bond Commission, for such price and bearing interest at such rate or rates as will create for the refunding bonds an effective interest rate which is lower than that of the refunded bonds. No refunding bonds authorized hereunder shall be delivered unless the state treasurer has certified that the effective interest rate on the refunding bonds is a lower effective interest rate than the effective interest rate on the refunded bonds. This certification shall be conclusive. In computing the effective interest rate for the purposes of this Act, there shall be taken into consideration all costs and expenses of issuance of the refunding bonds, including fees for bond counsel and other consultants and, to the extent paid from sources other than the proceeds of such refunding bonds, redemption premiums, if any, on the refunded bonds. Added by Acts 1978, No. 382, §1, eff. July 12, 1978.
LA Rev Stat § 39:1466 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1466. Use of proceeds of refunding bonds

RS 1466 - Use of proceeds of refunding bonds The proceeds of the sale of any refunding bonds shall be deposited, applied, and disbursed in accordance with the provisions of the resolution authorizing the issuance of the refunding bonds. Any earnings on the investment of the refunding bond proceeds may be used for the purpose of paying the principal, interest, and premium, if any, on the refunded bonds, and any balance after the complete retirement of the refunded bonds, as to principal, interest, and premium, if any, shall be placed in the Bond Security and Redemption Fund. The state treasurer may execute such documents and instruments as may be necessary to comply with the provisions of the resolution authorizing the issuance of the refunding bonds or to comply with applicable laws and regulations. Added by Acts 1978, No. 382, §1, eff. July 12, 1978.
LA Rev Stat § 39:1467 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1467. Investment in government obligations

RS 1467 - Investment in government obligations Notwithstanding any other provisions of law to the contrary, the state treasurer may invest the proceeds of refunding bonds issued hereunder, moneys from any other source deposited in any funds or accounts established in connection with the issuance of the refunding bonds, or moneys from any source deposited in any funds or accounts established as part of a refinancing, reorganization or refunding of state debt, in government obligations; however, such government obligations shall mature as to principal and interest in such amounts and at such times as will provide, when needed, cash funds for the object or purpose for which the invested funds are to be used. Added by Acts 1978, No. 382, §1, eff. July 12, 1978.
LA Rev Stat § 39:1468 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1468. Refunded bonds not considered outstanding

RS 1468 - Refunded bonds not considered outstanding For the purpose of debt limitation laws restricting the amount of general obligation bonds that may be issued by the state, no bond shall be deemed to be outstanding when payment of the principal of the applicable redemption premium, if any, on such bond, plus interest thereon to the due date thereof, whether such due date is by reason of maturity or upon redemption or prepayment or otherwise, shall have been made or caused to be made in accordance with the terms thereof, or shall have been provided by irrevocably depositing with a trustee or one of the paying agents for such bonds, in trust, moneys sufficient to make such payment or government obligations maturing as to principal and interest in such amount and at such time as will insure the availability of sufficient moneys to make such payment. Added by Acts 1978, No. 382, §1, eff. July 12, 1978.
LA Rev Stat § 39:1469 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1469. Repealed by Acts 1986, No. 1048, §2, eff. July 17, 1986.

RS 1469 - Repealed by Acts 1986, No. 1048, §2, eff. July 17, 1986.
LA Rev Stat § 39:1470 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1470. Definitions

RS 1470 - Definitions As used in this Chapter, the following terms shall have the following meanings: (1) "Public entities" or "public entity" means any one of the following, acting alone or in conjunction with any other: (a) State boards, commissions, or agencies; parishes; municipalities; parish and municipal school boards and districts; levee boards and districts; port boards and commissions; port, harbor and terminal, and industrial districts; drainage and land reclamation districts; all special service districts, including but not limited to road, water, sewerage, fire protection, recreation, hospital service, gas utility, and garbage districts; public trusts; and industrial development boards; (b) All other political subdivisions, special authorities, commissions, and boards heretofore or hereafter created by or pursuant to the constitution or statutes of the state, any laws incorporated into or ratified or confirmed by the constitution, or general or special charters of any parish or municipality; and (c) Any other unit of local government created or governed by the governing authority of any parish or municipality. (2) "Revenue bonds" means securities payable from and secured solely by a pledge of the income and revenues derived or to be derived from fees, rates, rentals, tolls, charges, grants, or other receipts, income, or revenues derived from any properties or facilities belonging to or leased by a public entity or from obligations owed to such entity or from obligations arising in connection with an undertaking, facility, project, or any combination thereof. (3) "Securities" means bonds, notes, certificates, or other written obligations for the repayment of borrowed money. Acts 1984, No. 102, §1, eff. June 15, 1984.
LA Rev Stat § 39:1472 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1472. Application of provisions

RS 1472 - Application of provisions The powers and rights conferred by this Chapter shall be in addition to the power and rights conferred by any other general or special law. The provisions of this Chapter shall be liberally construed for the accomplishment of its purpose. Acts 1984, No. 102, §1, eff. June 15, 1984.
LA Rev Stat § 39:1481 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1481. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1481 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1482 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1482. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1482 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1483 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1483. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1483 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1484 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1484. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1484 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1485 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1485. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1485 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1486 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1486. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1486 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1487 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1487. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1487 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1488 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1488. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1488 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1489 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1489. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1489 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1490 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1490. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1490 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1491 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1491. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1491 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1492 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1492. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1492 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1493 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1493. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1493 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1493.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1493.1. Repealed by Acts 2011, No. 343, §5.

RS 1493.1 - Repealed by Acts 2011, No. 343, §5.
LA Rev Stat § 39:1493.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1493.2. Repealed by Acts 2006, No. 3, §1.

RS 1493.2 - Repealed by Acts 2006, No. 3, §1.
LA Rev Stat § 39:1493.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1493.3. Repealed by Acts 2006, No. 3, §1.

RS 1493.3 - Repealed by Acts 2006, No. 3, §1.
LA Rev Stat § 39:1494 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1494. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1494 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1494.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1494.1. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1494.1 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1495 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1495. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1495 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1496 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1496. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1496 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1496.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1496.1. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1496.1 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1496.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1496.2. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1496.2 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1497 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1497. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1497 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1498 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1498. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1498 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1498.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1498.1. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1498.1 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1498.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1498.2. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1498.2 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1499 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1499. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1499 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1500 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1500. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1500 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1501 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1501. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1501 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1502 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1502. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1502 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1502.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1502.1. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1502.1 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1503 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1503. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1503 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1503.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1503.1. Repealed by Acts 2006, No. 5, §1.

RS 1503.1 - Repealed by Acts 2006, No. 5, §1.
LA Rev Stat § 39:1504 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1504. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1504 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1505 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1505. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1505 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1506 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1506. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1506 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1507 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1507. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1507 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1508 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1508. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1508 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1606 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1606. Responsibility of bidders and proposers

RS 1606 - Responsibility of bidders and proposers  A. A reasonable inquiry to determine the responsibility of a bidder or proposer may be conducted. The unreasonable failure of a bidder or proposer promptly to supply information in connection with such an inquiry may be grounds for a determination of nonresponsibility with respect to such bidder or proposer.  B. Whenever the chief procurement officer, commissioner, or head of a governmental body with such authority proposes to disqualify the lowest bidder on bids of five thousand dollars or more such individual shall:  (1) Give written notice of the proposed disqualification to such bidder and include in the written notice all reasons for the proposed disqualification.  (2) Give such bidder who is proposed to be disqualified, a reasonable opportunity to be heard at an informal hearing at which such bidder is afforded the opportunity to refute the reasons for the disqualification.  C. Except as otherwise provided by law, information furnished by a proposer pursuant to this Section may not be disclosed outside of the user agency or the office of state procurement without prior written notice to the proposer.  Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 1983, No. 689, §1; Acts 1984, No. 100, §1, eff. July 1, 1985; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.
LA Rev Stat § 39:1607 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1607. Prequalification of bidders and proposers

RS 1607 - Prequalification of bidders and proposers The office of state procurement may provide for prequalification of bidders and proposers as responsible prospective contractors. Solicitation mailing lists of potential contractors shall include but shall not necessarily be limited to such prequalified bidders and proposers. Prequalification shall not foreclose a written determination (a) between the time of the receipt of bid or proposal and the making of an award that a prequalified bidder or proposer is not responsible or (b) that a bidder or proposer who is not prequalified at the time of receipt of bid or proposals is responsible. Added by Acts 1978, No. 772, §1; Acts 2014, No. 864, §3, eff. Jan. 1, 2015; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.
LA Rev Stat § 39:1608 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1608. Cost or pricing data

RS 1608 - Cost or pricing data A. Contractor certification. A contractor shall submit cost or pricing data and shall certify that, to the best of its knowledge and belief, the cost or pricing data submitted was accurate, complete, and current as of a mutually determined specified date prior to the date of: (1) Pricing of any contract awarded by other than competitive sealed bidding, as provided in R.S. 39:1594, or small purchase procedures, as provided in R.S. 39:1596, where the total contract price is expected to exceed an amount established by regulations; or (2) Pricing of any change order or contract modification which is expected to exceed an amount established by regulations. B. Price adjustment. Any contract, change order, or contract modification under which a certificate is required shall contain a provision that the price to the state, including profit or fee, shall be adjusted to exclude any significant sums by which the procurement officer finds that such price was increased because the contractor-furnished cost or pricing data was inaccurate, incomplete, or not current as of the date agreed upon between the parties. C. Cost or pricing data not required. The requirements of this Section need not be applied to contracts: (1) Where the contract price is based on adequate price competition. (2) Where the contract price is based on an established catalog price or market prices established by an analysis of commercial items sold to the general public. (3) Where contract prices are set by law or regulation. (4) In exceptional cases where it is determined in writing in accordance with regulations that the requirements of this Section may be waived, and the reasons for such waiver are stated in writing. Acts 2008, No. 598, §2, eff. July 1, 2008; Acts 2009, No. 433, §2; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.
LA Rev Stat § 39:1509 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1509. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1509 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1510 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1510. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1510 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1511 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1511. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1511 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1512 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1512. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1512 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1513 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1513. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1513 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1514 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1514. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1514 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1515 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1515. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1515 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1515.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1515.1. Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.

RS 1515.1 - Repealed by Acts 2014, No. 864, §3, eff. Jan. 1, 2015.
LA Rev Stat § 39:1611 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1611. Cost-plus-a-percentage-of-cost contracts

RS 1611 - Cost-plus-a-percentage-of-cost contracts  The cost-plus-a-percentage-of-cost system of contracting shall not be used.  Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.
LA Rev Stat § 39:1612 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1612. Cost-reimbursement contracts

RS 1612 - Cost-reimbursement contracts  A. Determination required prior to use. No cost-reimbursement prime contract may be made unless it is determined in writing in accordance with regulations that such contract is likely to be less costly to the state than any other type of contract or that it is impracticable to obtain supplies, services, or major repairs of the kind or quality required except under such a contract.  B. Reimbursement of costs. All cost-reimbursement contracts shall contain a provision that only costs recognized as allowable in accordance with cost principles set forth in regulations will be reimbursable.  C. Prior notice requirement concerning use of cost-reimbursement type subcontract. Each contractor under a cost-reimbursement type contract shall give notice, as provided for in the contract, before entering into (1) a cost-reimbursement type subcontract or (2) any other type of subcontract involving more than ten thousand dollars or ten percent of the estimated cost of the prime contract.  Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.