41-2673. State electronic commerce
fund
A. The state electronic commerce fund is established consisting of monies
appropriated by the legislature and any gifts, grants or devises for the benefit of the
fund. The department shall administer the fund. Monies in the fund are continuously
appropriated and are exempt from the provisions of section 35-190 relating to lapsing of
appropriations.
B. Monies in the fund shall be used to help finance electronic commerce initiatives
by purchasing agencies if other funding mechanisms do not exist or cannot be used. The
department shall disburse monies in the fund to purchasing agencies based on agency
requests and statewide electronic commerce priorities.
C. If a purchasing agency realizes savings through implementation of its electronic
commerce initiative funded by the state electronic commerce fund, the purchasing agency
shall repay the fund the amount of monies originally disbursed to the agency plus ten per
cent of the agency savings. The purchasing agency may retain the remainder of the
savings generated through its electronic commerce initiative.
D. On notice from the department, the state treasurer shall invest and divest
monies in the fund as provided by section 35-313, and monies earned from investment shall
be credited to the fund.
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