The board may promulgate regulations setting forth cost principles that must be used to determine the allowability of incurred costs for the purpose of reimbursing costs under provisions in supplies, services, and information technology contracts that provide for the reimbursement of costs.
S.C. Code Ann. § 11-35-3510
Cost principles required for supplies and services contracts
Known as the South Carolina Consolidated Procurement Code
The act spans §§ 11–11 (143 sections).
1981 Act No. 148, SECTION 1; 1997 Act No. 153, SECTION 1; 2006 Act No. 376, SECTION 49.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.