Ohio Admin. Code 113-1-03 - Procedures for checks not accepted for deposit

(A) Upon the return of a deposit item, the treasurer shall give written or electronic mail notice notification of such return to the state entity which that submitted the item for deposit. The state entity shall reimburse the state treasury for the amount of the returned item. Reimbursement may be by cash exchange, check exchange, negative revenue receipt, pay-in document, or reduction of revenue pay-in document receipt or electronic funds transfer. If reimbursement is not otherwise made, the treasurer shall prepare and process a revenue modification document in the amount of the returned item.

(B) For state entity bank accounts so designated by the treasurer, the treasurer may instruct the bank to return checks that were not accepted for deposit directly to the state entity. In this case, the state entity is to deduct the returned item from the pay-in document for the state entity's deposit in that account for the same business day.

Notes

Ohio Admin. Code 113-1-03

Effective: 2/16/2023
Five Year Review (FYR) Dates: 11/30/2022 and 02/16/2028
Promulgated Under: 111.15
Statutory Authority: R.C. 113.08
Rule Amplifies: R.C. 113.08
Prior Effective Dates: 02/21/1986 (Emer.), 05/03/1986, 07/05/1996, 09/28/2000, 06/28/2007, 09/20/2012