Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69C - Division of Treasury
Chapter 69C-1 - APPROVAL AND ADMINISTRATION OF CLEARING ACCOUNTS OUTSIDE THE STATE TREASURY
Section 69C-1.004 - Approval of Clearing Accounts
Universal Citation: FL Admin Code R 69C-1.004
Current through Reg. 50, No. 187; September 24, 2024
(1) Any agency, board, bureau, commission, institution or department desiring to establish a clearing account must forward a letter to the Chief Financial Officer requesting approval thereof and containing at least the following information:
(a) A brief descriptive name and
purpose for the proposed account.
(b) An estimate of the total dollar amount
and total number of items cleared through the account annually.
(c) The name and physical location of the
qualified public depository recommended for the proposed account.
(d) A statement itemizing service charges
quoted by the qualified public depository.
(e) A statement of assurance that the
recommended qualified public depository has agreed to the collateral and funds
forwarding requirements of the Chief Financial Officer.
(f) If moneys deposited in the clearing
account are to be distributed to accounts outside the State Treasury, the
agency, board, bureau, commission, institution or department must list such
accounts and estimate the amount to be transferred to such accounts
annually.
(2) Clearing accounts will be approved when the volume and complexity of collections so justify. The following criteria will be reviewed to indicate the need for establishment of clearing accounts:
(a) The
availability of the Treasury Concentration Account.
(b) Whether security and/or convenience would
be enhanced by establishing the account.
Rulemaking Authority 17.29 FS. Law Implemented 17.58, 17.65 FS.
New 3-18-80, Formerly 4C-1.04, Amended 6-19-89, Formerly 4C-1.004, Amended 4-4-17.
Disclaimer: These regulations may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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