Rhode Island § 37-2-32 § 37-2-32. Approval of accounting system.

Rhode Island Statutes

§ 37-2-32 — § 37-2-32. Approval of accounting system.

Rhode Island § 37-2-32

Title 37Public Property and Works

Ch. 37-2State Purchases

This text of Rhode Island § 37-2-32 (§ 37-2-32. Approval of accounting system.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 37-2-32 (2026).

Text

§ 37-2-32. Approval of accounting system.
Except with respect to firm fixed price type contracts, no contract type shall be
            used unless it has been determined in writing 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 contemplated and that the contractor's accounting system
            is adequate to allocate costs in accordance with generally accepted accounting principles.
         

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§ 37-2-32. Approval of accounting system.

Except with respect to firm fixed price type contracts, no contract type shall be used unless it has been determined in writing 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 contemplated and that the contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.