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Arkansas Code Title 14. Local Government § 14-229-104. Rural water and wastewater entities--Electronic funds transfers

Current as of March 28, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-229-104. Rural water and wastewater entities--Electronic funds transfers - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-229-104/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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