SECTION 252:515-37-8. Contract renewal

Latest version.

(a)   Renewal allowed. The project manager may renew the contract twice, for a cumulative period of incentive payments not to exceed three years.
(b)   Renewal proposal. A project manager planning to renew an existing contract shall submit an proposal for renewal no later than 90 days prior to the end of the contract period.
(c)   Content of proposal. The proposal shall include data on the technical and economic performance of the project and a revised business plan based on the actual operation.

[Source: Added at 20 Ok Reg 1151, eff 6-1-03]

                    
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