(A) The Common Council hereby approves, adopts and authorizes Bedford City Utilities Department, through authorization agreements for preauthorized payments with their customers, to transact the Department’s business concerning public funds with the financial institution through the use of electronic funds transfer, in accordance with I.C. 5-13 et seq.
(B) The authorization herein is limited to the following types of transactions: receipt of customer payments for sewer utility bills, water utility bills, and trash bills which are submitted under authorized rates and charges.
(C) The Bedford City Utilities Department shall maintain adequate documentation of all electronic funds transfers in accordance with the rules and regulations of the State Board of Accounts.
(D) The Bedford City Utilities Department is authorized to collect an additional charge of $25 for each electronic funds transfer rejected from its depository bank on account of insufficient funds, no account, or stopped payment.
(E) The Department is further authorized to add the charges to the billing of the customer who authorized the agreement for preauthorized payments to the Department.
(Ord. 22-2008, passed 8-12-08; Am. Ord. 31-2008, passed 11-12-08)
Cross-reference:
Sewer rates and charges, see §§ 51.020 et seq.
Water rates and charges, see §§ 50.15 et seq.