LAC 56:III.2115. Reimbursement

A. A sponsoring port authority may make application to utilize its own funds for project construction and to be reimbursed by the Port Construction and Development Priority Program provided that: 1. all program criteria are met in accordance with R.S. 34:3451 et seq., 2. the project is listed in the recommended construction program, and 3. all program criteria are met in accordance with the program's "procedures manual" and the rules and regulations promulgated by the department. B. If the sponsoring port authority desires to construct the project or approved phase of the project under the reimbursement option, it must submit a request to the department and execute a project agreement prior to commencement of any work. Projects or approved phases that are advertised for bids under the reimbursement option shall be completed under the reimbursement option whether or not funding or funding obligation authority has been made available by the legislature prior to the completion of the project or approved phase.