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


Chapter 4: Projects

Rules 4-1 through 4-3, which includes:

1.       Capital Construction Administration

2.       Capital Construction Projects

3.       Capital Construction Project Retainage


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