Usufruct
R.S. 39:1614

Approval of accounting system ACTIVE

Except with respect to firm fixed-price contracts, no contract type shall be used unless it has been determined in writing by the chief procurement officer or his designee that:

(1) The proposed contractor's accounting system will permit timely development of all necessary cost data in the form required by the specific contract type contemplated.

(2) The contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1979, No. 715, §1, eff. July 1, 1980
  • amendment Acts 2014, No. 864, §2, eff. Jan. 1, 2015

Section navigation

Cite R.S. 39:1614

Bluebook
La. Rev. Stat. Ann. § 39:1614 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1614
BibTeX
@misc{larevstat-39-1614,
  title        = {La. Rev. Stat. Ann. § 39:1614},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1614},
  note         = {Snapshot 2026-05-22}
}