Sec. 11.5. (a) As used in this section, "electronic funds transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic terminal, telephone, or computer or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account.
(b) The fiscal body of a political subdivision or the board of a municipally owned utility may adopt a resolution to authorize an electronic funds transfer method of payment of claims. If a proper body adopts a resolution under this subsection, the political subdivision or municipally owned utility may pay money from its funds by electronic funds transfer.
(c) A political subdivision or municipally owned utility that pays a claim by electronic funds transfer shall comply with all other requirements for the payment of claims by political subdivisions or municipal utilities.
As added by P.L.137-2012, SEC.116.
Structure Indiana Code
Chapter 8. Miscellaneous Fiscal and Administrative Provisions
36-1-8-1. Application of Chapter
36-1-8-2. Cash Change Fund; Establishment; Use
36-1-8-3. Petty Cash Fund; Establishment; Use; Reimbursement
36-1-8-5.1. Rainy Day Funds Established by Political Subdivisions; Transfers by Schools
36-1-8-6. Reversion of Unused Appropriation; Funds Received From State or the United States
36-1-8-7. Bank Deposit or Cash on Hand Constituting Pledge or Guaranty
36-1-8-8.5. Establishing Fraud Hotline
36-1-8-9. Riverboat Fund Establishment; Administration and Investment of Funds
36-1-8-9.2. Separate Fund for Deposit of County Slot Machine Wagering Fee Revenue
36-1-8-9.5. "Development Agreement"
36-1-8-10. Board; Political Affiliation of Board Appointees
36-1-8-10.5. Employee of Political Subdivision as Candidate for or Appointed to Office
36-1-8-11. Methods of Payments to Political Subdivisions or Utilities; Transaction and Other Fees
36-1-8-11.5. Payment of Claims; Electronic Funds Transfer
36-1-8-12. Special Fund for State Grant Money and Local Matching Money; Reversion of Unused Money
36-1-8-13. Referral of Dishonored Checks to Prosecuting Attorney
36-1-8-14. Three-Fourths Vote Rounded to Nearest Whole Number
36-1-8-15. Shortened Term of County Office Under Constitution; Benefits
36-1-8-16. Property Taxes Collected for Property Disposed by County Executive
36-1-8-17. Combination or Reorganization; Budgets, Rates, and Levies
36-1-8-17.5. Reporting of Information and Data on Retiree Benefits and Expenditures
36-1-8-18. Certain Tax Exempt Property; Limitation on Charges