|Bulletin Number:||A-437 r1|
|Date Issued:||5/1/1998||Date Last Updated:||9/21/1999|
|Bulletin Name:||Check Exchanges - Revised Form and Mailing Requirements|
Please begin using the attached, revised Report of Check Exchange form, AC1476 (Rev. 9/97). Replace Exhibit H in Volume XI, Section 7.0100 (page 14) of the Accounting User Procedure Manuals with a copy of the enclosed form, and make additional copies for your use or order forms from OSC. Since this form is substantially revised, please destroy any unused inventory.
|Revised Mailing of Checks:||
Occasionally checks are returned to the State because the amount of the check is excessive. In these cases, two exchange checks are produced - one payable to the payee for the amount due and the second to the Commissioner of Taxation and Finance for the amount of the overpayment. The latter check is then deposited into the NYS General Checking Account and a Refund of Appropriation Expenditure (AC1286) is processed.
|Questions:||Direct questions on this bulletin to the Revenue Processing Section (518) 474-4018.|