(a) The fiscal body of any political subdivision may by ordinance or resolution authorize the proper legal officers of the political subdivision to transact the political subdivision's business with a financial institution or a public pension or retirement fund administered by the Indiana public retirement system through the use of electronic funds transfer.(b) The ordinance or resolution must:(1) specify the types of transactions that may be conducted by electronic funds transfer; and(2) require the proper officers to maintain adequate documentation of the transactions so that they may be audited as provided by law.As added by P.L.19-1987, SEC.7. Amended by P.L.61-2002, SEC.9; P.L.35-2012, SEC.91.
Indiana Legal Code