Code of Massachusetts Regulations
840 CMR - PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION
Title 840 CMR 2.00 - Retirement Board Travel
Section 2.11 - Board Credit Cards

Universal Citation: 840 MA Code of Regs 840.2

Current through Register 1531, September 27, 2024

(1) Retirement Boards may, by supplementary regulation, submitted and approved by the Commission, authorize usage of credit cards issued to the Board. If usage of such credit cards is allowed, any personal use of credit cards issued to the Board is prohibited. The credit card billings shall be issued to the Board office and that card user shall be required to provide receipts for all expenses included in the statement. If receipts are not provided, the user will immediately reimburse the Board for those items that appear on the credit card billing.

(2) Credit cards issued to the Board are not to be used to purchase supplies or other items that the Board, the Board Members or the Board's staff use on a regular basis and which can be readily anticipated and purchased by way of a competitive process.

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