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with other legal retention requirements or usefulness of such records in satisfying pending
regulatory actions or directives.
PART 2. SCHEDULE OF RECORDS AND PERIODS OF RETENTION
R 460.2519 Contracts and agreements; retention periods.
Rule 19. Except as provided elsewhere in these rules, the following contract and agreement
records shall be retained for the periods listed:
(a) Service contracts, such as for
management, accounting, and financial
services including related memoranda and
revisions.
See R 460.2522(b)(i) if they affect cost of
plant; otherwise, 6 years after expiration or
cancellation or until the conclusion of any
contract disputes or governmental
proceedings pertaining to these contracts,
whichever is later.
(b) Contracts with other utilities for the
purchase, sale, or interchange of product,
including related memoranda or revisions.
6 years after expiration or cancellation or
until the conclusion of any contract disputes
or governmental proceedings pertaining to
these contracts, whichever is later.
(c) Leases pertaining to rentals of property to
or from others.
6 years after expiration or cancellation or
until the conclusion of any contract disputes
or governmental proceedings pertaining to
these contracts, whichever is later.
(d) Contracts and agreements with individual
employees, labor unions, company unions,
and other employee organizations relative to
wage rates, hours, and similar matters.
6 years after expiration or cancellation or
until the conclusion of any contract disputes
or governmental proceedings pertaining to
these contracts, whichever is later.
(e) Contracts, agreements, and other essential
records necessary to the carrying out of the
functions of an employee’s stock purchase or
other type of employees’ saving plan.
6 years after expiration or cancellation.
(f) Memoranda essential to clarifying or
explaining provisions of contracts listed in
subdivisions (a) to (e) of this rule.
For same periods as contracts to which
they relate.
(g) Card or book records of contracts leases,
and agreements made, which show dates of
expirations, dates of renewals, memoranda of
receipts, and payments under such contracts,
leases, and agreements.
For same periods as contracts to which
they relate.