Arkansas § 14-229-104 Rural water and wastewater entities - Electronic funds transfers

Arkansas Statutes

§ 14-229-104 — Rural water and wastewater entities - Electronic funds transfers

All rural water and rural wastewater entities, however organized, may disburse funds for payment of debts by electronic funds transfer if:

(1)The person responsible for the disbursement maintains a ledger including without limitation the following information:

(A)The name and address of the entity receiving payment;

(B)The routing number of the bank in which the funds are held;

(C)The account number and the accounts clearinghouse trace number pertaining to the transfer; and (D) The date and amount transferred; and (2) Written consent for payment by electronic funds transfer is given by the entity to whom the transfer is made.

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All rural water and rural wastewater entities, however organized, may disburse funds for payment of debts by electronic funds transfer if: (1) The person responsible for the disbursement maintains a ledger including without limitation the following information: (A) The name and address of the entity receiving payment; (B) The routing number of the bank in which the funds are held; (C) The account number and the accounts clearinghouse trace number pertaining to the transfer; and (D) The date and amount transferred; and (2) Written consent for payment by electronic funds transfer is given by the entity to whom the transfer is made.

Arkansas § 14-229-104 (Rural water and wastewater entities - Electronic funds transfers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.