Iowa Admin. Code r. 781-11.4

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 781-11.4 - State agency requirements for depositing public funds

(1) A state agency shall make deposits of public funds with the treasurer's cashier or directly into an account owned by the treasurer at a depository located in the state.

(2) A state agency shall notify the treasurer of the agency's intent to use a third party to collect receipts and make deposits of public funds on the agency's behalf to allow the treasurer to review the process to ensure that receipts of public funds are being deposited directly into a depository.

(3) A state agency shall require any third party collecting public funds on the agency's behalf to make deposits directly into the depository and account specified by the treasurer.

(4) A state agency shall comply with the treasurer's instructions on creating cash receipt accounting documents reflecting the deposit of public funds into a depository.

Iowa Admin. Code r. 781-11.4

ARC 1217C, IAB 12/11/2013, effective 1/15/2014