Existing law sets forth various procedures for public purchasing by state agencies in the Executive Department of the State Government, known as “using agencies.” (NRS 333.020, 333.250-333.460) Existing law further creates the Account to Stabilize the Operation of State Government in the State General Fund, commonly known as the Rainy Day Fund. (NRS 353.288)
This bill provides for the disposition of money received by the State in the form of rebates for purchases made by using charge cards issued to using agencies or their authorized representatives, commonly known as “procurement cards,” where the disposition is not otherwise prohibited by law or any other restriction on the use or disposition of the money used for such a purchase. Under the provisions of this bill, after deducting administrative costs: (1) 50 percent of any such rebate must be deposited into the Account to Stabilize the Operation of the State Government; and (2) the other 50 percent must be given to the using agency that made the purchase. Such money deposited into the Rainy Day Fund must not be used to replace or supplant funding from other sources. Also, such money received by the using agency: (1) must not be used to replace or supplant funding from other sources; and (2) may be used at the discretion of the head of the agency.