Arizona Laws 11-605. Warrants, substitute checks or electronic funds transfers drawn on fund
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Warrants, substitute checks or electronic funds transfers drawn by a political subdivision on the county treasurer shall be paid in the order of presentation to the treasurer. If the fund is insufficient to pay a warrant, substitute check or electronic funds transfer, it shall be paid from monies obtained by the treasurer on behalf of each political subdivision pursuant to this article. If no agreement has been entered into under this article, the fiscal provisions prescribed in section 11-635 are applicable.
Terms Used In Arizona Laws 11-605
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC