(a) A financial statement required under this chapter must do the following:
- (1) Include full and complete information for all major items of equipment, including the age, date of purchase, cost when purchased, and the date of any rebuilding of equipment.
- (2) List all major items of useful equipment.
- (b) Organizations controlled by the same owners or officers who apply for prequalification under this chapter must use statements with a common date.
- (c) An entity may not accept an unaudited statement that is more than six (6) months old.
As added by P.L.85-1991, SEC.3.