Does the 2011 legislation now allow bulk purchasing of supplies?
No. Bulk purchasing is only for items which are defined as equipment and items which are defined as technology. The legislation did not state nor imply that bulk purchasing a supply would convert it to “equipment” for purposes of PPEL. For assistance in distinguishing a supply from equipment, refer to Appendix E in the Iowa Uniform Financial Accounting Manual. Exhibit E-1 has a flowchart to easily distinguish the difference.