33.155. Employees' compensation, direct deposit, electronic transfer of funds--treasurer and commissioner of administration--duties, powers. - Missouri Statutes

Employees' compensation, direct deposit, electronic transferof funds--treasurer and commissioner of administration--duties,powers.

33.155. 1. The commissioner of administration and thestate treasurer may establish an electronic funds transfersystem to transfer directly into payees' accounts in financialinstitutions in payment of any account allowed against thestate.

2. A single transfer may contain payments to multiplepayees.

3. The commissioner of administration and the statetreasurer, by joint rules, shall establish the standards andprocedures for administering the system.

(L. 1990 S.B. 838)