§ 100570 Program Funding Consolidation

This rule lets the department set up one bank account to hold all money for approved programs so they can use one simple contract form.

Key Takeaways

•The department is allowed to create one combined account.
•All funds for programs that qualify can be put into that account.
•Contracts for those programs can be done with one standard form.

Example

A state department runs several grant programs for schools, libraries, and parks. Instead of opening separate accounts for each program, it puts all the grant money into one account and then uses one standard contract form to pay the vendors.

Because the department can have a single account, it can manage the money more easily and use the same contract paperwork for all the different programs.

In order to implement this article, the department may establish a single account wherein all funds for eligible programs may be deposited for purposes of contracting in a single form. (Added by Stats. 1995, Ch. 415, Sec. 3. Effective January 1, 1996.)

This rule lets the department set up one bank account to hold all money for approved programs so they can use one simple contract form.

Key Takeaways

•The department is allowed to create one combined account.
•All funds for programs that qualify can be put into that account.
•Contracts for those programs can be done with one standard form.

Example

Because the department can have a single account, it can manage the money more easily and use the same contract paperwork for all the different programs.

Key Takeaways

Example

Key Terms

References

§ 100570 Program Funding Consolidation

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References