Fla. Admin. Code r. 12-10.009 - Wire Deposit of Revenue Sharing Funds

12-10.009 Wire Deposit of Revenue Sharing Funds.

(1) Wire deposits of State revenue sharing funds, in lieu of other payment options offered by the State Comptroller, are available to counties and municipalities upon request.

(2) A written request from the mayor, chairman, or chief fiscal officer of the governing body must be received by the Department one month prior to the distribution for which wire transfer is to be made. The cost of the wire transfer shall be borne by the local government, and shall be deducted from the amount to be transferred. The local government’s request shall include authorization for this deduction.

(3) The Department shall also be notified of the bank name and number and the account number. Any changes in bank information shall be submitted one month in advance of affected distribution.

The payee on the State warrants shall be as follows:

Bank Name

for Wire Transfer to credit of

name of local government

bank name and account number

Rulemaking Authority 218.26(1) FS. Law Implemented 218.21, 218.215, 218.23, 218.245, 218.25, 218.26 FS. History–New 3-8-82, Formerly 12-10.09, Amended 11-1-98.