Form FA-1123 Tennessee Treasury Local Government Investment Pool (Lgip) Direct Deposit Authorization Form - Tennessee

What Is Form FA-1123?

This is a legal form that was released by the Tennessee Department of Finance & Administration - a government authority operating within Tennessee. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is FA-1123?A: FA-1123 is a form used for direct deposit authorization for the Tennessee Treasury Local Government Investment Pool (LGIP).

Q: What is the Tennessee Treasury Local Government Investment Pool (LGIP)?A: The Tennessee Treasury LGIP is an investment program for local governments in Tennessee to invest their funds.

Q: What is the purpose of the Direct Deposit Authorization Form?A: The form is used to authorize the Tennessee Treasury LGIP to make direct deposits into a designated account.

Q: Who can use the FA-1123 form?A: The form is for local governments in Tennessee who are participating in the LGIP.

Q: Are there any fees associated with the LGIP direct deposit?A: No, there are no fees for participating in the LGIP or using direct deposit.

Q: What information is required on the form?A: The form requires the account holder's name, address, bank information, and signature.

Q: How long does it take for the direct deposit to be set up?A: Once the form is submitted, it can take up to 10 business days for the direct deposit to be established.

Q: Can I change or cancel the direct deposit?A: Yes, you can change or cancel the direct deposit by submitting a new FA-1123 form.

Q: Is direct deposit the only way to receive funds through the LGIP?A: No, participants can also choose to receive funds through a paper check if they prefer.