Title
Adoption of Automated Clearinghouse (ACH) Policy - TREASURY: Authorizing the City Treasurer to enter into Automated Clearinghouse (ACH) arrangements and to maintain the City's written ACH Policy
Body
Whereas, the State of Michigan, P.A. 738 of 2002, requires City Council to adopt a resolution to authorize electronic transactions; and
Whereas, the City Treasurer has prepared a written Automated Clearinghouse (ACH) Policy as required by the Act, for the purposes of maintaining effective internal control, by clarifying and emphasizing the responsibility of those initiating ACH transactions through systems provided by the City; and
Whereas, the implementation of this Policy ensures compliance with State and Federal Law and the National Automated Clearinghouse Association (NACHA) rules.
Now Therefore Be It Resolved that the Rochester Hills City Council authorizes the City Treasurer to enter into Automated Clearinghouse (ACH) arrangements and to maintain the City's written ACH Policy.