OAR 581-051-0555
Contract Renewal

The sponsor shall renew its contract with FSMC only if all of the following conditions are satisfied:


The original contract allows for annual renewal and the total contract term does not exceed five years, original contract year plus four renewals;


The Sponsor consents to the renewal by action of the board;


There is no change in financial terms, unless so designated in the original agreement. Contracts may not allow for an unlimited or discretionary change to the meal fee at renewal. Contracts may allow for an annual change to the meal fee not to exceed 20 percent.
Last Updated

Jun. 8, 2021

Rule 581-051-0555’s source at or​.us