Local News

Can State Credit Cards Save Money In UNC System?

Posted December 19, 2003 6:16 a.m. EST

— The state auditor's office hopes a way of spending money at some state universities will spread through the entire University of North Carolina system.

Employees at the state's larger universities, like N.C. State University and UNC-Chapel Hill, use state credit cards to make supply purchases.

A new audit found the system saves red tape and money because banks offer rebates.

The state auditor believes expanding the cards to all state schools could save $300,000 to several millions of dollars.