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TREAS/FMS

RIN: 1510-AA56

Publication ID: Fall 1998

Title: Management of Federal Agency Disbursements
Abstract: ublic Law 104-134 amended 31 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 unless they certify in writing that they do not have an account with a financial institution. The first phase was implemented by interim regulations published that date. Second, beginning January 2, 1999, all Federal payments (except payments under the Internal Revenue Code) must be made by EFT unless waived by the Secretary of Treausry. 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: Completed Actions
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

Legal Deadline:

Action	Source	Description	Date
Final	Statutory		01/00/1999

Timetable:

Action	Date	FR Cite
Interim Final Rule	07/26/1996	61 FR 39254
Interim Rule Comment Period End	11/25/1996
NPRM	09/16/1997	62 FR 48714
NPRM Comment Period End	12/16/1997
Final Action	09/25/1998	63 FR 51490

Regulatory Flexibility Analysis Required: No	Government Levels Affected: Federal
Included in the Regulatory Plan: No
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