1. Upon approval of the State Board of Finance, a state agency may enter into contracts with financial institutions or other business organizations for the placement of automated tellers at locations where the agency receives payment of money. 2. Before a state agency may enter into a contract pursuant to subsection 1, the agency must submit the proposed contract to the State Treasurer for his or her review and transmittal to the State Board of Finance. 3. As used in this section, automated teller means an electronic device that dispenses cash in connection with an account maintained in a financial institution or with another business.
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