Senate Bill sb0258er

    ENROLLED

    2003 Legislature                         SB 258, 1st Engrossed



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  2         An act relating to public funds; amending s.

  3         215.85, F.S.; authorizing local governments to

  4         pay certain expenses by means of electronic

  5         funds transfer; providing an effective date.

  6  

  7  Be It Enacted by the Legislature of the State of Florida:

  8  

  9         Section 1.  Subsection (5) of section 215.85, Florida

10  Statutes, is amended to read:

11         215.85  Direct deposit of public funds.--

12         (5)  PROCEDURES FOR WIRE TRANSFER OF

13  FUNDS.--Notwithstanding any other provision of law, the

14  governing board or officer of any local government who has the

15  authority to deposit or withdraw funds is authorized to

16  transfer funds from one depository to another or within a

17  depository or to another institution, and may transfer funds

18  wherein the transfer does not represent an expenditure,

19  advance, or reduction of cash assets to pay expenses,

20  expenditures, or other disbursements, evidenced by an invoice

21  or other appropriate documentation. Such transfer may be made

22  by electronic, telephonic, or other medium; and each transfer

23  shall be confirmed in writing and signed by the designee of

24  the governing board or officer of the local government.

25         Section 2.  This act shall take effect July 1, 2003.

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CODING: Words stricken are deletions; words underlined are additions.