Arkansas § 14-229-104 - Rural water and wastewater entities — Electronic funds transfers.

§ 14-229-104. 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: The person responsible for the disbursement maintains a ledger including without limitation the following information: The name and address of the entity receiving payment; The routing number of the bank in which the funds are held; The account number and the accounts clearinghouse trace number pertaining to the transfer; and The date and amount transferred; and Written consent for payment by electronic funds transfer is given by the entity to whom the transfer is made.