Cost recovery in contracts, cooperative endeavor agreements, and grants.
New Orleans City Code § 2-8.1
in effectSec. 2-8.1. - Cost recovery in contracts, cooperative endeavor agreements, and grants.
(a) It shall be unlawful for the mayor, the president of the city council, or any designee of either the mayor or the president to execute a cooperative endeavor agreement, award a grant, or enter into any contract involving the use of city funds or the extension of a thing of value or an economic benefit by the city to a third party unless the agreement contains a provision obligating the third party, to the maximum extent permitted by law, to reimburse the city or to disgorge any thing of value or economic benefit received from the city if the third party fails to meet its contractual obligations. The form and content of the provision shall be approved by the city attorney. Any cooperative endeavor agreement, grant, or contract that fails to contain the provisions required by this section shall be voidable by the city.
(b) Consistent with the purpose of this section, which is to maximize the city's ability to recoup economic benefits when third parties fail to meet their obligations, the city attorney may omit the provision required in subsection (a) when its inclusion would be impractical and contravene the financial best interest of the city.
(c) The chief administrative officer shall submit, contemporaneously with the annual reporting required pursuant to section 70-462, a report regarding compliance with section 2-8.1. At a minimum, the report shall identify: (i) the number of cooperative endeavor agreements, grants, and similar contracts executed during the preceding year and (ii) a reasonably detailed explanation of the city's efforts to monitor compliance with these agreements, to enforce their terms, and to pursue recovery of economic benefits.
(M.C.S., Ord. No. 28214, § 1, 10-17-19)
Source: City of New Orleans, Code of Ordinances and Home Rule Charter (Municode Library, library.municode.com)URL: https://library.municode.com/la/new_orleans/codes/code_of_ordinances?nodeId=PTIICO_CH2AD_ARTIINGE_S2-8.1CORECOCOENAGGRFetched: 10/28/2026