§12-3-10d. Purchasing Card Fund created; expenditures.
(a) All money received by the state pursuant to any agreement
with vendors providing purchasing charge cards, and any interest or
other return earned on the money, shall be deposited in a special
revenue revolving fund, designated the Purchasing Card
Administration Fund, in the State Treasury to be administered by
the Auditor. The fund shall be used to pay all expenses incurred
by the Auditor in the implementation and operation of the
Purchasing Card Program and may be used to pay expenses related to
the general operation of the Auditor's office. The Auditor also
may use the fund to pay expenses incurred by spending units
associated with the use of the card, including system and program
enhancements, and inspection and monitoring of compliance with all
applicable rules and procedures. Expenditures from the fund shall
be made in accordance with appropriations by the Legislature
pursuant to the provisions of article three, chapter twelve of this
code and upon fulfillment of the provisions of article two, chapter
five-a of this code.
(b) Within three days of receiving rebate moneys resulting
from state spending unit purchasing card purchases, the Auditor
shall transfer fifteen and one-half percent of such rebate moneys
to the Purchasing Improvement Fund created pursuant to section
fifty-eight, article three, chapter five-a of this code.
(c) Within three days of receiving rebate moneys resulting
from state spending unit purchasing card purchases, the Auditor shall transfer fifteen and one-half percent of such rebate moneys
to the Hatfield-McCoy Regional Recreation Authority.