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<br />rH <br /> <br />, <br />i <br />, <br /> <br />Minnesota Statutes 2001, 471.38 <br /> <br />administrator; <br /> <br />(h) The disbursing bank shall keep on file a certified copy <br />of the delegation of authority; <br /> <br />(c) The initiator of the electronic transfer shall be <br />identif ied; <br /> <br />(d) The initiator shall document the request and obtain an <br />approval from the designated business administrator before <br />initiating the transfer; <br /> <br />{e} A written confirmation of the transaction shall be made <br />no later than one business day after the transaction and shall <br />be used in lieu of a check, order check or warrant required to <br />support the transactionj <br /> <br />(f) A list of all transactions made by electronic funds <br />transfer shall be submitted to the school board at its next <br />regular meeting after the transaction. <br /> <br />HIST, (766) RL s 438; 1949 c 416 s 1; 1951 c 350 s 1; 1953 c <br />50 s 1; 1955 c 312 s 1; 1959 c 56 s 1; 1961 c 5 s 1; 1976 c 44 s <br />68; 1979 c 334 art 6 s 25; 1986 c 444; 1989 c 329 art 9 s 29; <br />1994 c 631 s 31; 2001 c 13 s 1 <br /> <br />Copyright 2001 by the Office of Revisor of Statutes, State of Minnesota. <br /> <br />. <br /> <br /> <br />. sor.1eg.state.llll1.us/stats/4 71/3 8.html <br /> <br />Page 2 0[2 <br /> <br />9/13/2002 <br />