Current through July 31, 2024
Section 13.305-3 - Conditions for useImprest funds or third party drafts may be used for purchases when-
(a) The imprest fund transaction does not exceed $500 or such other limits as have been approved by the agency head;(b) The third party draft transaction does not exceed $2,500, unless authorized at a higher level in accordance with Treasury restrictions;(c) The use of imprest funds or third party drafts is considered to be advantageous to the Government; and(d) The use of imprest funds or third party drafts for the transaction otherwise complies with any additional conditions established by agencies and with the policies and regulations referenced in 13.305-1.