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GENERAL INSTRUCTIONSforSTATE AGENCIES & LOCALITIES/ONSTAGE AGENCIESDiscretionary Buying ThresholdsforIT ServicesDate Issued: 4/26/00 Date Revised: 2/12/03ATTENTION:LOCALITIES & ONSTAGE AGENCIESPlease
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Discretionary buying thresholds refer to the limits set by an organization on the amount of money that can be spent without specific approval.
Any individual or department within an organization who has authority to make purchases within the set thresholds.
Discretionary buying thresholds can be filled out by specifying the limit for allowable purchases and obtaining necessary approvals for purchases that exceed the set threshold.
The purpose of discretionary buying thresholds is to ensure control over spending and prevent unauthorized purchases.
The information that must be reported includes the set thresholds, details of approved purchases, and any exceptions granted for exceeding the thresholds.
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