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The State Board of
Equalization is establishing an Electronic Funds Transfer (EFT) program to
replace the method of sending direct deposits to cities. Should I be
concerned about an ominous phrase in the contract?
"Important
By participating the the
electronic funds transfer (EFT) program, payee agrees that in the event a debt
is determined by court order or otherwise to be owed to the State
of California by the payee, the payee will be removed from the EFT program
until the debt is extinguished."
To take a worst case
scenario, if the City does not re-pay some little State Mandated Cost
Rieimbursement overpayment, will the State remove Sales Tax and other EFT
payments?
If this is no change from
prior language, or you all feel this is just paranoia, I will sign.
If you all think this is
a legitimate concern, should we respond by
Please give me your
thoughts.
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