An entity making payment for procurement prices and fees may use the government procurement card.

The contract signed between an entity and a card-issuing institution shall contain the following:
1. the form and appearance of the government procurement card;
2. where the government procurement card is used to make payment in foreign currency, the method for calculation of exchange rate;
3. handling of questions and inquiries regarding an account;
4. the procedure for reporting, reissuing or replacement of a missing or damaged government procurement card and the responsibilities and obligations of both parties;
5. the government procurement card may not be used for cash advance or financing;
6. the credit limit of the government procurement card;
7. when a card holder is conducting procurement for official business, the record of using the government procurement card related thereto shall not affect the card holder’s personal credibility;
8. causes for relieving an entity from the responsibility of payment; and
9. others as determined by the responsible entity.

The holder of the government procurement card shall be designated by an entity, and this individual shall be responsible for keeping the card in good care as long as it is under his or her custody. Where the qualification of a cardholder has been revoked, the entity shall notify the card-issuing institution to suspend his or her card, and the original cardholder shall, within the period specified by the head of the entity or the personnel authorized by the head, make a clear-payment report.

An entity shall assign an authorized limit on the government procurement card based on the cardholder’s status and the characteristics, supplier and amount of the subject of the prospective procurement.
The assignment of an authorized limit referred to in the preceding paragraph shall be approved by the head of the entity or the personnel authorized by the head.

The holder of the government procurement card may, within the authorized limit, use the card to make payment for prices and fees of procurement.
The card holder shall, after receiving the statement of account from the card-issuing institution, enclose the statement with relevant procurement documents, mark all vouchers with words “paid by the government procurement card” and then make a clear-payment report.
After the documents referred to in the preceding paragraph have been reviewed by the entity’s comptroller (accounting) unit and approved by the head of the entity or the personnel authorized by the head, the procedure for payment shall be undertaken.