The board may promulgate regulations setting forth cost principles that must be used to determine the allowability of incurred costs for the purpose of reimbursing costs under provisions in supplies, services, and information technology contracts that provide for the reimbursement of costs.
Cost principles required for supplies and services contracts
S.C. Code Ann. § 11-35-3510, under Title 11, Chapter 35.
S.C. Code Ann. § 11-35-3510