Business

Bill Aimed at Regulating Credit Use by Gov't Departments and Agencies Among Others Held in Committee

A bill sponsored by Senator Dwayne DeGraff that would help curtail the use of credit cards by government departments and agencies was among a number of others held in committee during a hearing on Wednesday. Bill No. 33-0069 would permit only the governor to approve credit cards to persons serving at various government arms. It would also require a credit check be performed on the individual who the card would be issued to, and any purchases made with the card would not exceed $5,000, according to the measure, seen here. The bill was introduced on the heels of an Office of the Inspector General audit that laid bare out-of-control credit card use by multiple government departments and agencies. In the audit’s executive summary, the O.I.G. found that: There were no uniform regulations governing the use of credit cards and lines of credit.There were no internal controls to govern the use and accountability of credit transactions.As much as $1.1 million in credit transactions were not prot...