Texas Administrative Code › Title 34 - PUBLIC FINANCE › Part 1 - COMPTROLLER OF PUBLIC ACCOUNTS › Chapter 5 - FUNDS MANAGEMENT (FISCAL AFFAIRS) › Subchapter Q - PRINTING AND ISSUANCE OF WARRANTS › Section 5.400 - Printing and Issuance of Warrants

Current through Reg. 49, No. 28; July 12, 2024
(a)
				  Applicability. This rule governs the comptroller's delegation of the authority
				  to print and issue warrants under Government Code, §
										403.060(a).
(b) Definitions. The following words and
				  terms, when used in this subchapter, shall have the following meanings.
(1) Electronic Funds Transfer (EFT)--A
				  transfer of funds which is initiated by the participating state agency as
				  originator to the originating depository financial institution to order,
				  instruct, or authorize a receiving depository financial institution to perform
				  a credit entry, reversal, or reclamation. An EFT may include a pay card. For
				  purposes of this rule, an EFT does not include a transaction originated by wire
				  transfer, check, draft, warrant, or other paper instrument.
(2) MOU--Memorandum of
				  Understanding.
(3) National
				  Automated Clearing House Association (NACHA)--The electronic payments
				  association that establishes standards, rules, and procedures that enable
				  domestic financial institutions to exchange payments electronically.
(4) Participating state agency--A state
				  agency that has requested and received from the comptroller the delegated
				  authority to print and issue warrants.
(5) Pay card --A payment card issued to a
				  state payee that provides access to state funds as authorized by a state
				  agency.
(6) Payment method--A
				  warrant or an EFT payment.
(7)
				  Regulation E--The regulations adopted by the Board of Governors of the Federal
				  Reserve System at 12 C.F.R. Part 205 , as they may be amended, to implement the
				  Electronic Fund Transfer Act (15
				  U.S.C. §
												1693 et seq.).
(8) State agency--
(A) a department, commission, board, office,
				  or other agency in the executive or legislative branch of state government that
				  is created by the constitution or a statute of this state, including the
				  comptroller of public accounts;
(B)
				  the supreme court of Texas, the court of criminal appeals, a court of appeals,
				  or a state judicial agency; or
(C)
				  a university system or an institution of higher education as defined by
				  Education Code, §
												61.003, other than a
				  public junior college.
(9) State payee--A person to whom a state
				  payment is issued, including an individual, state employee, annuitant,
				  business, vendor, governmental entity, or other legal recipient paid by the
				  state of Texas.
(10) Warrant--A
				  state payment in the form of a paper instrument which is subject to applicable
				  state law, is drawn on the state of Texas treasury funds, and is payable to a
				  state payee on behalf of a state agency by the comptroller or a state agency
				  with delegated authority to print and issue warrants under Government Code,
				  §
											403.060(a).
				  A warrant is not an approved means of EFT.