Bill Text: HI SB941 | 2017 | Regular Session | Amended
Bill Title: Relating To Electronic Funds Transfers.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2017-07-11 - Act 146, on 07/10/2017 (Gov. Msg. No. 1247). [SB941 Detail]
Download: Hawaii-2017-SB941-Amended.html
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THE SENATE |
S.B. NO. |
941 |
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TWENTY-NINTH LEGISLATURE, 2017 |
H.D. 1 |
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STATE OF HAWAII |
C.D. 1 |
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A BILL FOR AN ACT
RELATING TO ELECTRONIC FUNDS TRANSFERS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to update and clarify the statute relating to electronic funds transfers in the state treasury bank accounts.
SECTION 2. Section 40-51.5, Hawaii Revised Statutes, is amended to read as follows:
"§40-51.5 Checks or electronic funds transfers in lieu of warrants. With reference to warrants addressed under this part, the comptroller may, with the approval of the director of finance, issue checks drawn from, or make electronic funds transfers from, depositories of state treasury moneys in lieu of warrants drawn from the state treasury. Electronic funds transfers include Automated Clearing House transactions that debit the State's bank account under certain situations as may be authorized by the director of finance."
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2017.
Report Title:
Electronic Funds Transfers
Description:
Updates statute relating to electronic funds transfers to allow Automated Clearing House account debit transactions in certain situations as may be approved by the Director of Finance. (CD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
