(A) The board of township trustees of any township may authorize an officer, employee, or appointee of the township to use a credit card account held by the board of township trustees in accordance with this section. Not later than three months after the effective date of this amendment , the board of township trustees of any township that holds a credit card account on the effective date of this amendment shall adopt a written policy for the use of credit card accounts. Otherwise, a board shall adopt a written policy before first holding a credit card account.
The policy shall include provisions addressing all of the following:
(1) The officers, positions, or appointees authorized to use a credit card account;(2) The types of expenses of which a credit card account may be used;(3) The procedure for acquisition, use, and management of a credit card account and presentation instruments related to the account including cards and checks;(4) The procedure for submitting itemized receipts to the fiscal officer or the fiscal officer's designee;(5) The procedure for credit card issuance, credit card reissuance, credit card cancellation, and the process for reporting lost or stolen credit cards;(6) The township's credit card account's maximum credit limit or limits;(7) The actions or omissions by an officer, employee, or appointee that qualify as misuse of a credit card account.