{"data":{"id":"us-md/md.-code-state-finance-and-procurement-15-110","jurisdiction":"us-md","citation":"Md. Code, State Finance and Procurement § 15–110","heading":"","body":"(a) The following persons are subject to an audit of books, accounts, or records:\n(1) before the expiration of the period of retention under subsection (c) of this section, a person who submits cost and price information under § 13-220 of this article, if the books, accounts, or records being audited are reasonably connected with the cost and price information;\n(2) a contractor or subcontractor under a procurement contract if, from an audit of a cost-type contract, the unit has reason to believe that costs have been inappropriately assigned to the cost-type contract from a fixed-price contract; and\n(3) a contractor or subcontractor under a procurement contract that:\n(i) was awarded by a method other than competitive sealed bids; and\n(ii) is not a firm fixed-price procurement contract.\n(b) An audit under this section may be conducted by:\n(1) the Department of Legislative Services;\n(2) a unit engaged in procurement; or\n(3) as authorized by law, any other unit.\n(c) A person subject to an audit under subsection (a) of this section shall keep books, accounts, and records for:\n(1) at least 3 years after the day on which the person receives final payment under a procurement contract or a subcontract; or\n(2) if longer, the period required under the procurement contract.","path":["Article - State Finance and Procurement"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf\u0026section=15-110","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:48Z","sha256":"dca533137a82cf77a7b54579dbbfa7e6aece053612526944f0ca9ef24edace6d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-finance-and-procurement-15-109","next":"us-md/md.-code-state-finance-and-procurement-15-111"},"notice":"GroundRules: Original legal text. Not legal advice."}