16C.11 COOPERATIVE PURCHASING VENTURE; PURCHASING REVOLVING
FUND.
The commissioner may enter into joint or cooperative purchasing agreements with any entity
that is authorized under section
471.59 to do so. The cooperative purchasing venture revolving
fund is a separate account in the state treasury. The commissioner may charge a fee to cover the
commissioner's administrative expenses to governmental units that have joint or cooperative
purchasing agreements with the state under section
471.59. The fees collected must be deposited
in the revolving fund established by this section. Money in the fund is appropriated to the
commissioner to administer the programs and services covered by this chapter.
History: 1998 c 386 art 1 s 12