18-4-227. Procurement rebate account -- funding -- use. (1) There is an account in the state special revenue fund established by 17-2-102 to be known as the procurement rebate special revenue account.
     (2) All rebates credited to the department from using state procurement cards and contracts must be deposited in the procurement rebate special revenue account.
     (3) The money in the account may be used only to:
     (a) administer the state's procurement card programs; and
     (b) reimburse applicable funds to the federal government.
     (4) The unreserved, unexpended balance of the funds collected under this section must be deposited in the general fund by the close of the fiscal year.

     History: En. Sec. 1, Ch. 492, L. 2007.