(a) The Chief Fiscal Officer of the State may promulgate appropriate rules authorizing state agencies, boards, commissions, and institutions of higher education to establish revolving funds that shall be within such limitations as the Chief Fiscal Officer of the State may prescribe or to make advances of expense funds for authorized travel by officials and employees of state agencies, boards, commissions, and institutions of higher education whose travel is in conjunction with institutionally sponsored events or programs. The advanced funds shall be reimbursed by the individual borrowing the funds from moneys to the individual upon filing an authorized expense account in connection with the travel.
(b) The rules under subsection (a) of this section may authorize the state agency, board, commission, or institution of higher education to require the employee to file an agreement authorizing the agency, board, or commission to:(1) Recover any amounts advanced for travel expense purposes from the amounts claimed and allowed the employee or student as reimbursement for actual expenses incurred;(2) Recover any amounts advanced for travel expense purposes from the next or future salary payments to the employee; or(3) Add any amounts advanced for travel expense purposes to the receivables account of the student.
(1) Recover any amounts advanced for travel expense purposes from the amounts claimed and allowed the employee or student as reimbursement for actual expenses incurred;
(2) Recover any amounts advanced for travel expense purposes from the next or future salary payments to the employee; or
(3) Add any amounts advanced for travel expense purposes to the receivables account of the student.