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 The following section of the Montana Code Annotated is repealed: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. Approval of accounting system.
Section 2. Effective date. [This act] is effective on passage and approval.
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Version of SB 54 (SB0054.ENR)
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