Procurement Services 214: Procurement Card Purchases

Purpose

To reduce paperwork and to facilitate the purchase of low-value items.

Reference

University of Alaska Procurement Manual (not available online)
Board of Regents Policy 05.06
State of Alaska Statute 36.30

Definitions

Procurement Card: A corporate liability card that is issued to and individual but is the property of the university. It may be used for small purchases with a value of $2,500 or less.

Policy

Procurement Services publishes a cardholder's guide for the procurement card program. The Procurement Card Handbook may be viewed at the Procurement Services Web site. The handbook contains information on the process, cardholder and department responsibilities, prohibited use and misuse. All forms used in the procurement card program may also be found at this Web site.

Click here for procurement card guidelines and forms.

Effective: 10/25/2005