Indiana § 4-13-2-14.8 State contractor or vendor; electronic funds transfer of payments;
waiver

Indiana Statutes

§ 4-13-2-14.8 — State contractor or vendor; electronic funds transfer of payments; waiver

Indiana § 4-13-2-14.8

Art. 13ADMINISTRATIVE MANAGEMENT OF STATE

Ch. 2Financial Reorganization Act of 1947

This text of Indiana § 4-13-2-14.8 (State contractor or vendor; electronic funds transfer of payments; waiver) 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 § 4-13-2-14.8 (2026).

Text

8.

(a)Notwithstanding any other law, rule, or custom, but subject to subsections (c) and (d), a person who has a contract with the state or submits invoices to the state for payment shall authorize in writing the direct deposit by electronic funds transfer of all payments by the state to the person. The person's written authorization must designate a financial institution and an account number to which all payments are to be credited.

(b)After obtaining the authorization required by subsection (a), the state comptroller shall deposit a payment to the person in the financial institution and account designated by the person each time a payment is made to the person.

(c)A person who does not wish to have payments to the person deposited by electronic funds transfer may request the state co

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8. (a) Notwithstanding any other law, rule,
or custom, but subject to subsections (c) and (d), a person who has a
contract with the state or submits invoices to the state for payment shall
authorize in writing the direct deposit by electronic funds transfer of all
payments by the state to the person. The person's written authorization
must designate a financial institution and an account number to which
all payments are to be credited.
(b) After obtaining the authorization required by subsection (a), the
state comptroller shall deposit a payment to the person in the financial
institution and account designated by the person each time a payment
is made to the person.
(c) A person who does not wish to have payments to the person
deposited by electronic funds transfer may request the state comptroller
to grant a waiver of the requirement of subsection (a). The person must:
(1) state the reason for requesting the waiver; and
(2) sign and verify the waiver form.
(d) The state comptroller may grant a person's request for a waiver
for any of the following reasons:
(1) The person does not currently have a savings or checking
account and is unable to establish such an account within the
geographic area of the person's primary business location without
payment of a service fee. The person must submit with the waiver
request a written statement by the person's financial institution of
the person's inability to establish an account without the payment
of a fee.
(2) The person's primary business location is too remote to have
access to a financial institution where a direct deposit can be
made.
(3) The person's financial institution is unable to accept an
electronic deposit or withdrawal. The person must submit with the
waiver request a written statement by the person's financial
institution that the financial institution is unable to accept an
electronic deposit or withdrawal.
(4) The state comptroller determines that the facts of the
particular case warrant a waiver of the requirement of subsection
(a).
The state comptroller shall establish a waiver form consistent with this
subsection.
(e) A contract entered into by the state must contain a provision
under which the person contracting with the state specifically
authorizes the state comptroller to make all payments to the person by
direct deposit by electronic funds transfer, subject to the waiver
provisions of subsection (d).
(f) Notwithstanding any other law, rule, or custom, a payment to a
person by the state under this section discharges only the state's
obligation to that person to the extent of the amount of the payment
tendered, and does not constitute a settlement, reduction, release, or
compromise of the state's obligation to the person.