Alabama Administrative Code
Title 800 - RETIREMENT SYSTEMS OF ALABAMA
Chapter 800-1-3 - BOARD OF CONTROL
Section 800-1-3-.12 - Purchases

Universal Citation: AL Admin Code R 800-1-3-.12

Current through Register Vol. 42, No. 11, August 30, 2024

(1) The Division of Purchasing and Stores of the State of Alabama will serve as the official purchasing department of the Board of Control for all items or purchases costing over $2,000.

(2) The secretary-treasurer is authorized to purchase directly items up to $2,000. Sufficient records of all such purchases shall be maintained and available for inspection for the fiscal year in which said transactions occurred.

(3) The secretary-treasurer is authorized to transfer from line item to line item up to $5,000 without prior Board approval. Such transfers shall be reported to the Board of Control at the next meeting following such action.

Author: William T. Stephens, General Counsel, RSA.

Statutory Authority: Code of Ala. 1975, § 16-25-19(h).

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