Texas § 2261.151 REEVALUATION OF PAYMENT AND REIMBURSEMENT RATES.

Texas Statutes

§ 2261.151 — REEVALUATION OF PAYMENT AND REIMBURSEMENT RATES.

Texas § 2261.151

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 2261.151 (2026).

Text

Sec. 2261.151. REEVALUATION OF PAYMENT AND REIMBURSEMENT RATES.

(a)To ensure that its payment and reimbursement methods and rates are appropriate, each state agency that makes procurements to which this chapter applies shall reevaluate at least biennially its payment and reimbursement methods and rates, especially methods and rates based on historical funding levels or on a formula established by agency rule rather than being based on reasonable and necessary actual costs incurred.

(b)A state agency shall submit formal rate reevaluation information to the Legislative Budget Board and the comptroller on request. SUBCHAPTER E. CONTRACTOR OVERSIGHT AND LIABILITY

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Sec. 2261.151. REEVALUATION OF PAYMENT AND REIMBURSEMENT RATES. (a) To ensure that its payment and reimbursement methods and rates are appropriate, each state agency that makes procurements to which this chapter applies shall reevaluate at least biennially its payment and reimbursement methods and rates, especially methods and rates based on historical funding levels or on a formula established by agency rule rather than being based on reasonable and necessary actual costs incurred.
(b) A state agency shall submit formal rate reevaluation information to the Legislative Budget Board and the comptroller on request.
SUBCHAPTER E. CONTRACTOR OVERSIGHT AND LIABILITY

Legislative History

Added by Acts 1999, 76th Leg., ch. 1498, Sec. 5, eff. Sept. 1, 1999. Renumbered from Sec. 2259.151 by Acts 2001, 77th Leg., ch. 1420, Sec. 21.001(71), eff. Sept. 1, 2001.