Indiana § 36-1-8-11.5 Payment of claims; electronic funds transfer

Indiana Statutes

§ 36-1-8-11.5 — Payment of claims; electronic funds transfer

Indiana § 36-1-8-11.5

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 8Miscellaneous Fiscal and Administrative Provisions

This text of Indiana § 36-1-8-11.5 (Payment of claims; electronic funds transfer) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-1-8-11.5 (2026).

Text

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

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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.