§ 15-110. Audits

   (a) Persons subject to audit. -- The following persons are subject to an audit of books, accounts, or records:

   (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;

   (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

   (3) a contractor or subcontractor under a procurement contract that:

      (i) was awarded by a method other than competitive sealed bids; and

      (ii) is not a firm fixed-price procurement contract.

(b) Units authorized to conduct audits. -- An audit under this section may be conducted by:

   (1) the Department of Legislative Services;

   (2) a unit engaged in procurement; or

   (3) as authorized by law, any other unit.

(c) Required period of retention. -- A person subject to an audit under subsection (a) of this section shall keep books, accounts, and records for:

   (1) at least 3 years after the day on which the person receives final payment under a procurement contract or a subcontract; or

   (2) if longer, the period required under the procurement contract.

HISTORY: SF § 11-130; 1988, ch. 48, § 2; ch. 399, § 2; 1997, ch. 635, § 9; ch. 636, § 9.