Contract Fiscal Rules
Pursuant to CRS §24-30-202, the State Controller issues Fiscal Rules to carry out his duties. Primarily, there are 3 Fiscal Rules applicable to the drafting and execution of State contracts/grants. The applicable Fiscal Rules are:
Chapter 2: Disbursement
Rule 2-2 Commitment Vouchers, which includes:
1. Authorities
2. Definitions
3. Rule
4. Dollar Limits and Requirements
5. State Purchase Orders
6. State Contracts
7. Statutory Violations
8. Advance Payments
9. Emergencies
10. Vendor Agreements
11. Purchase Order Terms and Conditions
Chapter 3: Contracts
Rule 3-1 State Contracts, which includes:
1. Authorities
2. Definitions
3. Categories
4. Rule
5. Content of State Contracts
6. Approved State Contract Forms
7. State Contract Approvals
8. State Contract Legal Review
9. State Controller Review and Approval
10. Accounting for State Contracts
11. Monitoring of State Contracts
12. Independent Contractor Relationship
13. Exceptions to Fiscal Rule 3-1
14. Special Provisions
Rules 4-1 through 4-3, which includes:
1. Capital Construction Administration
2. Capital Construction Projects
3. Capital Construction Project Retainage