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Frequently Asked Questions Performance Management

What are Cash Surrogates?

Cash surrogate is a special form of cash award.  Recipients of cash surrogates must have the same freedom and control over how that award may be used as they would have over currency or a U.S. Treasury check. Cash surrogates should not be confused with merchant gift certificates. Cash surrogates must meet the following criteria:

meet all the limitations and requirements that apply to cash awards
must be convertible easily and immediately to cash
not restricted as to where they can be redeemed
subject to all relevant procurement regulations when purchased from a vendor or financial institution

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