PURPOSE: The purpose of this rule is to require licensed retailers to authorize transfer by electronic funds from their bank account.

1. (1) Licensees, at the request of the director, shall authorize the debiting of an account in their names for the purpose of electronic funds transfer to a collection account,

   1. (A) The licensee, when the director requests, shall execute all forms required by his/her bank and any forms required by the transferring bank.
   2. (B) The licensee, at his/her option, may establish a separate account for the purpose of transferring funds electronically to the Missouri State Lottery Fund.

   Auth: section 313.220, RSMo (1986). Original rule filed Jun. IO, 1986, effectiue Jan. 20, 1986. Amended: Filed May 5, 1986, effectiue May l&1986.