{"data":{"id":"us-hi/haw.-rev.-stat.-103d-314","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 103D-314","heading":"Approval of accounting system.","body":"Except with respect to firm fixed-price contracts, no contract shall be used unless it has been determined in writing by the chief procurement officer, the head of a purchasing agency, or a designee of either officer that:\n\n(1) The proposed contractor's accounting system will permit timely development of all necessary cost data in the form required by the specific contract type contemplated; and\n\n(2) The proposed contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles. [L Sp 1993, c 8, pt of §2]","path":["HI Code","Division 1","Title 9","Chapter 103D"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol02_Ch0046-0115/HRS0103D/HRS_0103D-0314.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"f74d5008f474269823c15d355b6b6f01ac11843e197b1a8f2c5a8ba401f79647","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-103d-313","next":"us-hi/haw.-rev.-stat.-103d-315"},"notice":"GroundRules: Original legal text. Not legal advice."}