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And 7/16/2013 DATE OF BOARD ACTION: 9/16/2003, 7/21/2009 and 7/19/2011 I. PAGE 1 of 3 PURPOSE: To establish accounting and control procedures under which any funds are to be moved by electronic transaction for any purpose, including direct deposit, wire transfer, withdrawal, or investment. II. AUTHORIZATION PROCESS: If authorized in writing by the person entitled to the withdrawal, payment, or disbursement of College s funds, the College may provide for direct deposit of the funds to t.

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