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Audit: state payment contract competitive; committee opens bill file to help schools and local agencies evaluate joining
Summary
A legislative audit found the state’s cooperative credit‑card processing contract is generally competitive and could save money if more entities opt in; the Government Operations Interim Committee voted to open a bill file to consider statutory changes and promote participation by school districts and higher‑education institutions.
A legislative audit presented to Utah’s Government Operations Interim Committee concluded the state’s cooperative credit‑card processing contract likely offers among the lower effective rates available to public agencies, but many local education agencies and higher‑education campuses are not using it.
Brian Dean, legislative deputy auditor general, said the state received four bids and that the cooperative contract awarded to Chase Paymentech scored highest, including on cost. The auditors calculated “effective rates” for standard transaction examples and found the state contract compared…
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