SECTION 610:1-11-1. Purpose

  The Purchasing Department of the Oklahoma State Regents for Higher Education is responsible for the acquisition of all goods, equipment and services for the operation of the Oklahoma State Regents for Higher Education, authorized by 70 O.S. §3206. The State Regents is exempted from the provisions of the Oklahoma Central Purchasing Act by 74 O.S. 85.3A. All acquisitions of the State Regents made pursuant to the State Regents' approved Purchasing Policy. The purposes of the policy are:

(1)   To establish consistent purchasing practices and procedures for operations of the Oklahoma State Regents for Higher Education;

(2)   To achieve economies and efficiencies and make the most effective use of public funds;

(3)   To encourage competition and ensure fair and equitable treatment among vendors; and

(4)   To insure the quality and integrity of the purchasing process.

[Source: Added at 20 Ok Reg 2149, eff 6-26-03]