Not later than June 1, 2010, the State Contracting Standards Board shall adopt regulations, in accordance with the provisions of chapter 54, requiring that contractors submit appropriate documentation to the appropriate state contracting agency, prior to the award of a contract, to confirm that the proposed contractor's accounting system will permit timely development of all necessary cost data in the form required by the specific contract type.
(Sept. Sp. Sess. P.A. 07-1, S. 28.)History: Sept. Sp. Sess. P.A. 07-1 effective January 1, 2009.