Fla. Admin. Code Ann. R. 40D-1.140 - District Funds

District funds shall be disbursed by wire or electronic transfer according to the following procedure:

(1) The Executive Director, or the Executive Director's designee, shall authorize and supervise all wire or electronic transfers of District funds, and shall report all wire or electronic transfer transactions to the Board at its regular meeting following such transaction.

(2) The Executive Director shall provide written instructions to each financial entity that will be transferring District funds by wire or electronic transfer indicating which District staff shall have the authority to request wire or electronic transfers of District funds, and stating that such financial entity may not wire or electronically transfer District funds without receiving prior instructions for each transfer.

(3) The Executive Director, or any staff member authorized by the Executive Director to request wire or electronic transfers of District funds as provided in subsection (2), above, shall provide a request for confirmation of transfer and detailed instructions, by telecopy transmission, hand delivery, or U.S. mail, to the financial entity transferring the funds indicating the accounts from and to which District funds are to be transferred prior to each wire or electronic transfer of District funds.

Notes

Fla. Admin. Code Ann. R. 40D-1.140

Rulemaking Authority 373.044, 373.113, 373.149 FS. Law Implemented 373.553 FS.

New 3-1-93, Formerly 40D-1.201, Amended by Florida Register Volume 40, Number 117, June 17, 2014 effective 6/29/2014.

New 3-1-93, Formerly 40D-1.201, Amended 6-29-14.