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TREAS/FMS | RIN: 1510-AA56 | Publication ID: Spring 1998 |
Title: Management of Federal Agency Disbursements | |
Abstract: Public Law 104-134 amended 12 USC 3332 to require Federal agencies to convert all Federal payments (other than payments under the Internal Revenue Code) from checks to electronic funds transfer (EFT) in two phases. First, persons who become eligible for Federal payments on or after July 26, 1996 are to receive those payments by EFT. The first phase was implemented by interim regulations published that date. Second, persons who were receiving Federal payments before July 26, 1996 will receive those payments by EFT beginning January 2, 1999. A notice of proposed rulemaking to implement phase two was published on September 16, 1997. | |
Agency: Department of the Treasury(TREAS) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 31 CFR 208 | |
Legal Authority: 5 USC 301 31 USC 321 31 USC 3301-2 31 USC 3321 31 USC 3325 31 USC 3327-8 31 USC 3332 31 USC 3335 31 USC 6503 |
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal |
Included in the Regulatory Plan: Yes | |
Agency Contact: Cynthia L. Johnson Director, Cash Management Policy and Planning Division Department of the Treasury Financial Management Service Room 420, 401 14th Street SW., Washington, DC 20227 Phone:202 874-6657 |