Pennsylvania Statutes
§ 541 — Approval of accounting system
Pennsylvania § 541
JurisdictionPennsylvania
Title 62PROCUREMENT
PartPART I
Ch. 5SOURCE SELECTION AND CONTRACT FORMATION
Subch.TYPES OF CONTRACTS
This text of Pennsylvania § 541 (Approval of accounting system) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
62 Pa. Cons. Stat. § 541 (2026).
Text
No contract type shall be used unless it has been determined in writing by the head of the purchasing agency 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 proposed contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.
Notwithstanding the preceding, a contract may be used without a prior written determination where the contract is a firm, fixed-price contract or a contract awarded under section 516 (relating to emergency procurement).
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Legislative History
Cross References.Section 541 is referred to in sections 561, 9119 of this title.
Nearby Sections
3
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Bluebook (online)
Pennsylvania § 541, Counsel Stack Legal Research, https://law.counselstack.com/statute/pa/62/541.