AB 2
Revises provisions relating to state purchasing. (BDR 27-414)
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes how rebates from state purchases made with procurement cards are handled. Specifically, it directs that 50% of these rebates be deposited into the state’s Rainy Day Fund, while the other 50% is given to the state agency that made the original purchase. This ensures that the money is used to bolster the state’s financial reserves and provide funds back to the agencies responsible for making the purchases, with restrictions on using the funds to replace existing funding sources.
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Primary sponsor
Assembly Committee on Government Affairs
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