Ill. Admin. Code tit. 23, § 155.70 - Responsibilities of the Comptroller

Current through Register Vol. 46, No. 15, April 8, 2022

a) The Comptroller will receive transmissions of information and instructions from the State Superintendent of Education permitting the electronic transfer of funds.

b) In response to instructions received from the State Superintendent, the Comptroller will transmit payments electronically to designated financial institutions. Each such transmission shall include the complete 38-character descriptive entry called for in Section 155.60(c) of this Part.

c) The Comptroller will notify the State Superintendent of Education of all unsuccessful pre-note fund transfers.

d) The Comptroller may issue a warrant instead of transferring funds electronically when:

1) A designated financial institution rejects a transfer attempted pursuant to this Part;

2) An amount is subject to garnishment, offset, reduction, involuntary withholding, or other proceeding as provided by law (any amount payable after such action may be issued as a warrant); or

3) The transfer is rejected by the Comptroller's internal authorization system.

Notes

Ill. Admin. Code tit. 23, § 155.70

Amended at 29 Ill. Reg. 10131, effective June 30, 2005