A procurement card is available to departments to obtain low-cost, non-equipment items. Procurement card limits are established based upon cardholder need. Single transaction limits may be requested up to $5,000 and monthly limits may be requested up to $10,000. Justification is required for monthly limit requests above $10,000. Departments may have as many cards as required to reasonably meet such procurement needs. With this authority, the department assumes the responsibility to comply with all state, Regent, and university policies governing procurement operations. See the Procurement Card Manual for detailed procurement credit card procedures.
(Amended 11/09; 8/14; 7/14/22)