2017 Montana Legislature

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SENATE BILL NO. 54

INTRODUCED BY J. GROSS

BY REQUEST OF THE DEPARTMENT OF ADMINISTRATION

 

AN ACT REPEALING A REQUIREMENT FOR THE DEPARTMENT OF ADMINISTRATION TO MAKE CERTAIN DETERMINATIONS WITH RESPECT TO THE ADEQUACY OF A CONTRACTOR'S ACCOUNTING SYSTEM; REPEALING A REQUIREMENT FOR CONTRACTS OTHER THAN FIRM FIXED-PRICE CONTRACTS TO HAVE THE DEPARTMENT OF ADMINISTRATION VERIFY THAT A CONTRACTOR'S ACCOUNTING SYSTEM TIMELY DEVELOPS NECESSARY COST DATA IN THE REQUISITE FORM AND ADEQUATELY ALLOCATES COSTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES; REPEALING SECTION 18-4-311, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:

 

     Section 1.  Repealer. The following section of the Montana Code Annotated is repealed:

18-4-311.        & #160;  Approval of accounting system.

 

     Section 2.  Effective date. [This act] is effective on passage and approval.

- END -

 


Latest Version of SB 54 (SB0054.ENR)
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