Indiana § 36-12-3-16.5 Electronic funds transfer

Indiana Statutes

§ 36-12-3-16.5 — Electronic funds transfer

Indiana § 36-12-3-16.5

Title 36LOCAL GOVERNMENT

Art. 12LIBRARIES

Ch. 3Powers and Duties of Class 1 Public Libraries

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Bluebook

Ind. Code § 36-12-3-16.5 (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)A library board may adopt a resolution to authorize an electronic funds transfer method of payment of claims. If a library board adopts a resolution under this subsection, the public library may pay money from its funds by electronic funds transfer.

(c)A public library that pays a claim by electronic funds transfer shall comply with all other requirements for the payment of claims by the public library.

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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) A library board may adopt a resolution to authorize an electronic
funds transfer method of payment of claims. If a library board adopts
a resolution under this subsection, the public library may pay money
from its funds by electronic funds transfer.
(c) A public library that pays a claim by electronic funds transfer
shall comply with all other requirements for the payment of claims by
the public library.