Current through Register Vol. XLI, No. 50, December 13, 2024
Section 112-4-2 - DefinitionsFor purposes of this rule, unless a different meaning clearly is required by the context:
2.1. "Agency" means and includes any department, board, commission, division, branch office or other separate unit of State government, and any officer or employee of an agency, who or which collects moneys due the State;2.2. "Check" includes a bank draft, money order, cashier's check, check written on the payor's checking account, and any other non-cash payment of funds due the State.2.3. "Credit Card" means a card issued for the purpose of obtaining money, property or services on credit and includes charge cards.2.4. "Depository" or "State Depository" means a financial institution insured by an agency of the federal government which has posted any required collaterally secured bond and which is approved by the Treasurer.2.5. "EFT" or "Electronic Funds Transfer" means the transfer of funds initiated through an electronic terminal, telephone, computer (including online banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account.2.6. "Financial institution" means a state or national bank or a state or federal savings and loan association.2.7. "Lockbox services" means the process in which payments and remittance forms are mailed to a post office box, retrieved and processed, and the moneys then deposited into a financial institution account.2.8. "Receipt Account" means an account in which moneys are deposited belonging to or due the State of West Virginia or any of its agencies.2.9. "Treasurer" means the West Virginia State Treasurer or his or her designee from the Treasurer's office.