South Carolina § 11-35-2020 - Approval of accounting system.
Full text of South Carolina South Carolina Code of Laws § 11-35-2020 — Approval of accounting system., with citation guidance and answers to common questions.
§ 11-35-2020. Approval of accounting system.
The chief procurement officer, the head of a purchasing agency, or a designee of either officer may require that:
(1) the proposed contractor's accounting system shall permit timely development of all necessary cost data in the form required by the specific contract type contemplated;
(2) the proposed contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.
HISTORY: 1981 Act No. 148, SECTION 1; 1997 Act No. 153, SECTION 1.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-35-2020
What does South Carolina Code of Laws § 11-35-2020 cover?
Section 11-35-2020 ("Approval of accounting system.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 11-35-2020?
A common citation format is "South Carolina Code of Laws § 11-35-2020" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 11-35-2020 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.