State gets $5.6 mil­lion in pur­chas­ing re­bates

Maryland Independent - - Business -

Mary­land Comptroller Peter Fran­chot (D) an­nounced re­cently that the state has re­ceived a $5.6 mil­lion rebate from U.S. Bank, the re­sult of 78 state agen­cies spend­ing more than $273 mil­lion on small pur­chases through Mary­land’s Cor­po­rate Pur­chas­ing Card pro­gram.

“This is just one of the many ways our of­fice saves tax­pay­ers money each and ev­ery day,” Fran­chot said in a press re­lease. “This pro­gram is an ef­fec­tive way for state agen­cies to make small pur­chases, pro­vide for bet­ter ac­count­abil­ity and al­low ven­dors to re­ceive pay­ments in a timely man­ner.”

The cur­rent con­tract for pur­chas­ing card ser­vices was ap­proved by the Board of Pub­lic Works in 2013, with U.S. Bank de­liv­er­ing a higher rebate per­cent­age than the pre­vi­ous ven­dor. The cur­rent rebate cov­ers pur­chases made from April 2015 through this April.

The state be­gan us­ing a cor­po­rate pur­chas­ing card pro­gram in March 1997. Since then, the state has pur­chased $3.8 bil­lion in goods and ser­vices, while re­ceiv­ing $51.2 mil­lion in re­bates.

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