There shall be a Technical Services Revolving Fund in the Department of Administrative Services for the purchase, installation and utilization of information and telecommunication systems, as such terms are defined in section 4d-1 , for budgeted agencies of the state. The Commissioner of Administrative Services and the Secretary of the Office of Policy and Management shall jointly be responsible for the administration of said fund. Said commissioner and said secretary shall regularly review said fund using generally accepted accounting principles and the Auditors of Public Accounts shall conduct an annual comprehensive financial review of said fund.
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