63G-6a-1206.3. Auditing of books of contractor or subcontractor.
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Effective 3/28/2016
63G-6a-1206.3. Auditing of books of contractor or subcontractor.
(1)A procurement officer or an audit entity under contract with the procurement unit may audit the books and records of a contractor or subcontractor.
(2)An audit under Subsection
(1):
(a)is limited to the books and records that relate to the applicable contract or subcontract; and
(b)may occur only at a reasonable time and place.
(3)A contractor shall maintain all books and records relating to a contract for six years after the day on which the contractor receives the final payment under the contract, or until all audits initiated under this section within the six-year period have been completed, whichever is later.
(4)A subcontractor shall maintain all books and records relating to a subcontract for six years after the day on which the subcontractor receives the final payment under the subcontract, or until all audits initiated under this section within the six-year period have been completed, whichever is later.
Enacted by Chapter 355 , 2016 General Session