15297208, 69I-22.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 15297208

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Accounting and Auditing

Chapter:

DIRECT DEPOSIT THROUGH ELECTRONIC FUNDS TRANSFER

Overview

RULE:

69I-22.002	Definitions Applicable to Chapter 69I-22
69I-22.003	Procedures

PURPOSE:

Section 17.076(2), F.S., directs the Chief Financial Officer (CFO) to establish a program for the direct deposit of funds to the account of the beneficiary of such a payment or disbursement in any financial institution equipped for electronic fund transfers, which institution is designated in writing by such beneficiary and has lawful authority to accept such deposits. Section 17.075(2), F.S., directs the CFO to adopt rules establishing accounting and recordkeeping procedures for all payments made by electronic transfer of funds. Section 17.29, F.S., authorizes the CFO to adopt rules regarding procedures or policies requiring that payments made by the state for goods, services, or anything of value be made by electronic means, including, electronic funds transfers.

SUMMARY:

Rule 69I-22.002, F.A.C., is amended to update the definitions and to incorporate by reference the Employee Direct Deposit Authorization Form and the Retiree Direct Deposit Authorization Form. Rule 69I-22.003, F.A.C., is amended to update the procedures for participating in the direct deposit program. Rule 69I-22.003, F.A.C., is also amended to require all beneficiaries to provide the Department with either a copy of a valid driver’s license or a legible copy of a photographic identification issued by the United States or a foreign nation, a state or territory of the United States or foreign nation, or a political subdivision or agency thereof.

RULEMAKING AUTHORITY:

17.075(2), 17.14, 17.29 FS

LAW:

17.075(2), 17.076, 17.14, 17.29 FS

PRINT PUBLISH DATE:

11/19/2014 Vol. 40/225

COMMENTS:

From 11/19/2014 To 12/10/2014 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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