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Thursday, August 11, 2005

OMB finalizes charge card guidance

The Office of Management and Budget finalized updated purchase card rules last week, requiring agencies to develop a charge card management plan, perform credit checks on cardholders and use strategic sourcing for card purchases. In a memo dated Aug. 5, OMB Director Joshua B. Bolten instructed all executive branch agencies to implement policies in an updated circular to include the latest governmentwide rules for charge cards.

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