Section |
Title |
Effective |
Replaces |
|
CONTRACT ADMINISTRATION AND TRANSACTIONS
|
CONTRACT FUNDING
|
9/16/19
|
PRO-E-11; E-17
(Various Dates)
|
SCOPE:
The purpose of this policy is to establish the ability to let contracts beyond funds available and options for capital acquisition financing.
POLICY:
Contracts may be let in excess of funds currently available. Except in the cases to which s. 18.10 (1), Wis. Stats. applies, such contracts shall state that continuance beyond the limits of existing funds is contingent upon the appropriation of additional funding.
For capital acquisitions, there are three basic options for financing contracts. Agencies will work with the Department of Administration, State Budget Office.
Click below for full policy document:
PRO-406 Contract Funding