2015 South Carolina Code of Laws
Title 11 - Public Finance
CHAPTER 35 - SOUTH CAROLINA CONSOLIDATED PROCUREMENT CODE
Section 11-35-2020. Approval of accounting system.
The chief procurement officer, the head of a purchasing agency, or a designee of either officer may require that:
(1) the proposed contractor's accounting system shall permit timely development of all necessary cost data in the form required by the specific contract type contemplated;
(2) the proposed contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.
HISTORY: 1981 Act No. 148, Section 1; 1997 Act No. 153, Section 1.
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