§12-1-9. Transfer of funds by check or electronic funds transfer; requirements.

Subject to applicable banking regulations or state law, the treasurer may transfer funds by check or electronic funds transfer whenever actually needed to pay the warrants drawn by the Auditor upon the treasury, to equalize deposits or to provide funds to purchase investments for the account of the state. All checks drawn for transfer of funds shall have printed or stamped on the face of same "for transfer of funds only", or if the transfer is made by electronic funds transfer, the electronic funds transfer and supporting documents shall be marked "for transfer of funds only".

Bill History For §12-1-9

1990 Third Special Session
Senate Bill 8
1978 Regular Session
House Bill 1321
1968 Regular Session
Senate Bill 120
1933 Regular Session
House Bill 304
1931 Regular Session
House Bill 1