Delaware Code Title 29 Sec. 2706 – Checks and drafts; signatures; time limitation on honoring
(a) The signing of checks or drafts by the State Treasurer may either be by hand with a pen and ink signature or by a facsimile signature of a process approved by the State Treasurer.
Terms Used In Delaware Code Title 29 Sec. 2706
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
- Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302
(b) No check or order issued by the State Treasurer shall be honored or paid by the depository upon which such check or order is drawn after the expiration of 180 days from the date of such check or order.
(c) The State Treasurer shall establish and maintain a special fund appropriation to be credited with stale check write-off amounts. Use of this account is limited to the processing of stale-check reissues by the State Treasurer. On June 30 of each fiscal year, the unexpended stale check write-off balance in excess of $100,000 shall be credited to the General Fund. If during a fiscal year, there is an insufficient amount to process reissues, a revenue refund shall be made from the General Fund to the special appropriation.
Code 1852, § ?511; Code 1915, § ?458; 38 Del. Laws, c. 42; 40 Del. Laws, c. 85; Code 1935, § ?401; 29 Del. C. 1953, § ?2707; 57 Del. Laws, c. 741, §§ ?34B, 34C; 59 Del. Laws, c. 378, § ?1; 61 Del. Laws, c. 539, § ?2; 70 Del. Laws, c. 197, § ?4; 70 Del. Laws, c. 509, § ?1; 73 Del. Laws, c. 310, § ?9;