2.2-211 - Position established; agencies for which responsible; additional powers.
§ 2.2-211. Position established; agencies for which responsible; additionalpowers.
A. The position of Secretary of Finance (the "Secretary") is created. TheSecretary shall be responsible for the following agencies: Department ofAccounts, Department of Planning and Budget, Department of Taxation,Department of the Treasury and Department of the State Internal Auditor. TheGovernor, by executive order, may assign any other state executive agency tothe Secretary of Finance, or reassign any agency listed.
B. To the greatest extent practicable, the agencies assigned to the Secretaryshall pay all amounts due and owing by the Commonwealth through electronictransfers of funds from the general fund or appropriate special fund to thebank account of the payee or a party identified by law to receive funds onbehalf of the payee. All wire transfer costs associated with the electronictransfer shall be paid by the payee subject to exemptions authorized by theState Treasurer affecting the investment, debt, and intergovernmentaltransactions of the Commonwealth and its agencies, institutions, boards, andauthorities.
(1984, c. 720, §§ 2.1-51.32, 2.1-51.33, 2.1-51.34; 1985, c. 72; 1996, c. 500;2001, c. 844.)