Section R17-8-401. Definitions

In addition to the definitions provided under A.R.S. §§ 28-101 and 28-5601, the following terms apply to this Article:

“Automated Clearing House,” or “ACH,” means a central dis- tribution and settlement point for the electronic clearing of debits and credits between financial institutions.

“ACH credit” means an electronic funds transfer: Generated by a licensee, and

Cleared through an ACH for deposit to the Department account.

“ACH debit” means an electronic transfer of funds from a lic- ensee’s account:

Authorized by a licensee-signed authorization agreement, Generated at a licensee’s instruction, and

Cleared through an ACH for deposit to the Department account.

“Cash Concentration or Disbursement Plus,” or “CCD Plus,” means the standardized data format approved by NACHA for remitting tax payments electronically.

“Electronic Fuel Tax Program” means the Department pro- gram for the electronic filing of fuel tax reports and payment of fuel taxes.

“Electronic funds transfer” means a transmission of funds by electronic means to order, instruct, or authorize a financial institution to debit or credit an account pursuant to the Elec- tronic Fuel Tax Program.

“Financial institution” means a licensed bank, savings and loan association, mutual savings bank or credit union.

“Licensee” means a person licensed under A.R.S. Title 28, Chapter 16, Article 1.

“MVD account number” means a confidential number assigned by the Department that identifies a licensee.

“NACHA” means NACHA - The Electronic Payments Asso- ciation, which is a not-for-profit association that oversees the Automated Clearing House network.

“Payment information” means data the Department requires of a licensee when making an electronic funds transfer.

“State servicing bank” means the financial institution con- tracted to perform banking functions on behalf of the state.

Historical Note

New Section made by final rulemaking at 15 A.A.R. 225, effective March 7, 2009 (Supp. 09-1).