La. Admin. Code tit. 56 § III-139

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-139 - Accurate Cost Estimates Required

A. Entities requesting priority of funding shall provide accurate estimates of project costs.

B. The state shall retain the entire amount of overestimated state and local project costs up to the total amount of any state grant.

C. Any grant monies retained by the state may be used to increase grants to other funded priority projects which encounter actual project construction costs exceeding estimated costs.

La. Admin. Code tit. 56, § III-139

Promulgated by the Department of Transportation and Development, Office of Public Works, LR 1:249 (May 1975), amended LR 11:885 (September 1985), repromulgated by the Department of Transportation and Development, Office of Public Works, LR 31:942 (April 2005).

AUTHORITY NOTE: Promulgated in accordance with R.S. 38:30 et seq.