The Suwannee River Water Management District (District) gives notice that it is initiating rulemaking to establish Rule 40B-1.722, F.A.C., to permit the District to utilize Electronic/Wire Funds Transfers of District Funds.

 

WATER MANAGEMENT DISTRICTS

Suwannee River Water Management District

RULE NO.:RULE TITLE:

40B-1.722District Funds

PURPOSE AND EFFECT: The Suwannee River Water Management District (District) gives notice that it is initiating rulemaking to establish Rule 40B-1.722, F.A.C., to permit the District to utilize Electronic/Wire Funds Transfers of District Funds.

SUMMARY: District Funds

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: The District has completed for the Governor’s Office of Fiscal Accountability and Regulatory Reform (OFARR) the “Is a SERC Required?” form and prepared a summary of the proposed rule, which are both available upon request. Based on the completed “Is a SERC Required?” form and summary and the analysis performed by the District, the proposed rule amendment is not expected to require legislative ratification pursuant to subsection 120.541(3), F.S.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 373.113, 373.553 FS.

LAW IMPLEMENTED: 373.553 FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: SRWMD at [phone] or [phone] (FL only). If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Stephen Schroeder, Suwannee River Water Management District, 9225 CR 49, Live Oak, Florida 32060, [phone] or (800)226-

1066 (FL only)

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

40B-1.722 District Funds

District funds may be disbursed by wire or electronic transfer according to the following procedure:

(1) The Executive Director, or the Executive Director’s designee, shall authorize and supervise all wire or    electronic transfers of District funds, and shall report all wire or electronic transfer transactions to the Governing Board at its regular meeting following such transaction.

(2) The Executive Director, or the Executive Director’s designee shall provide written instructions to each financial entity  that will be transferring District funds by wire or electronic transfer indicating which District staff shall have the authority to request wire or electronic transfers of District funds, and stating that such financial entity may not wire or electronically transfer District funds without receiving prior instructions for each transfer.

(3) The Executive Director, or any staff member authorized by the Executive Director to request wire or electronic transfers of District funds as provided in subsection (2) above, shall provide a request for confirmation of transfer and detailed instructions, by e-mail or other electronic communications, telecopy transmission, hand delivery, or U.S. mail, to the financial entity transferring the funds indicating the accounts from and to which District funds are to be transferred prior to each wire or electronic transfer of District funds.

Rulemaking Authority 373.113, 373.553 FS. Law Implemented 373.553 FS. History–New [DATE]. 

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Stephen Schroeder

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Suwannee River Water Management District Governing Board

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: October 20, 2019

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: May 4, 2020