New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 30 - LOCAL FINANCE BOARD
Subchapter 9A - ELECTRONIC DISBURSEMENTS AND CLAIMANT CERTIFICATION
Section 5:30-9A.5 - Procurement card limit and control requirements
Universal Citation: NJ Admin Code 5:30-9A.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) A procurement card differs substantially from a credit card issued by a financial institution because of the controls that may be exercised on its use. Before selection of an issuer (and in addition to consideration of fees and rebates, software and computer requirements, and accessibility to the vendor), the following limits and controls shall be incorporated into the procurement card program:
1. The ability to control limits on-line and
in real-time;
2. The ability to
establish, change or delete limits on each card individually;
3. The ability to categorically restrict the
use of individual cards;
4. The
ability to establish a cumulative limit for a specific period;
5. The ability to review current activity
on-line; and
6. The ability to
receive sorted or sortable detailed reports of activity, by authorized card
user, department or spending category.
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