Rural water and wastewater entities — Electronic funds transfers

1. Law
2. Arkansas Code
3. Local Government
4. Solid Waste Disposal, Waterworks, And Sewers Generally
5. General Provisions
6. Rural water and wastewater entities — Electronic funds transfers

All rural water and rural wastewater entities, however organized, may disburse funds for payment of debts by electronic funds transfer if:

1. (1) The person responsible for the disbursement maintains a ledger including without limitation the following information:

   1. (A) The name and address of the entity receiving payment;

   2. (B) The routing number of the bank in which the funds are held;

   3. (C) The account number and the accounts clearinghouse trace number pertaining to the transfer; and

   4. (D) The date and amount transferred; and

2. (2) Written consent for payment by electronic funds transfer is given by the entity to whom the transfer is made.

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