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eCORTS Capital Outlay Request Tracking System |
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Capital Outlay Requests Due Friday, November 1, 2024 *** Legislative Letters of Support May be Attached to Submittal *** |
| NOTICE: R.S. 39:112(E)(4) requires a nonstate entity that receives funding for the acquisition or construction of buildings through the Capital Outlay Act to establish, fund, and maintain an escrow account to be used exclusively for costs associated with the long-term major capital maintenance of the project beginning on or after July 1, 2024. Please refer R.S. 39:112(E)(4) for specific escrow account requirements and exceptions. |
| Enter Capital Outlay Request Website eCORTS |
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Capital outlays are expenditures for acquiring lands, buildings, equipment or other properties, or for their preservation or development or permanent improvement. Capital outlay planning and budgeting are directed toward the acquisition or renovation of fixed assets. Statutory authority for capital outlay planning and budgeting procedures is contained in Sections 101-114 of Title 39 of Louisiana's Revised Statutes. |
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