Louisiana § 39:1614 Approval of accounting system

Louisiana Statutes

§ 39:1614 — Approval of accounting system

Louisiana § 39:1614

Title 39Procurement and Contract

This text of Louisiana § 39:1614 (Approval of accounting system) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 39:1614 (2026).

Text

§1614. Approval of accounting system 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.

Free access — add to your briefcase to read the full text and ask questions with AI

§1614. Approval of accounting system
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.