Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation, 61212 [07-5368]

Download as PDF 61212 Federal Register / Vol. 72, No. 208 / Monday, October 29, 2007 / Notices rfrederick on PROD1PC67 with NOTICES issues,3 formal expressions of intent to file an OFA under 49 CFR 1152.27(c)(2),4 and trail use/rail banking requests under 49 CFR 1152.29 must be filed by November 8, 2007. Petitions to reopen or requests for public use conditions under 49 CFR 1152.28 must be filed by November 19, 2007, with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. A copy of any petition filed with the Board should be sent to MCR’s representative: Michael J. Barron, Jr., Fletcher & Sippel LLC, 29 North Wacker Drive, Suite 920, Chicago, IL 60606– 2832. If the verified notice contains false or misleading information, the exemption is void ab initio. MCR has filed a combined environmental and historic report that addresses the effects, if any, of the abandonment on the environment and historic resources. SEA will issue an environmental assessment (EA) by November 2, 2007. Interested persons may obtain a copy of the EA by writing to SEA (Room 1100, Surface Transportation Board, Washington, DC 20423–0001) or by calling SEA, at (202) 245–0305. [Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 1–800–877–8339.] Comments on environmental and historic preservation matters must be filed within 15 days after the EA becomes available to the public. Environmental, historic preservation, public use, or trail use/rail banking conditions will be imposed, where appropriate, in a subsequent decision. Pursuant to the provisions of 49 CFR 1152.29(e)(2), MCR shall file a notice of consummation with the Board to signify that it has exercised the authority granted and fully abandoned the line. If consummation has not been effected by MCR’s filing of a notice of consummation by October 29, 2008, and there are no legal or regulatory barriers to consummation, the authority to abandon will automatically expire. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. 3 The Board will grant a stay if an informed decision on environmental issues (whether raised by a party or by the Board’s Section of Environmental Analysis (SEA) in its independent investigation) cannot be made before the exemption’s effective date. See Exemption of Outof-Service Rail Lines, 5 I.C.C.2d 377 (1989). Any request for a stay should be filed as soon as possible so that the Board may take appropriate action before the exemption’s effective date. 4 Each OFA must be accompanied by the filing fee, which currently is set at $1,300. See 49 CFR 1002.2(f)(25). VerDate Aug<31>2005 15:25 Oct 26, 2007 Jkt 214001 Decided: October 23, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–21181 Filed 10–26–07; 8:45 am] BILLING CODE 4915–01–P month period that ended September 30, 2007. Dated: October 23, 2007. Shery Morrow, Assistant Commissioner, Federal Finance. [FR Doc. 07–5368 Filed 10–26–07; 8:45 am] BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY DEPARTMENT OF THE TREASURY Fiscal Service Internal Revenue Service Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation [TD 9249] Financial Management Service, Fiscal Service, Treasury. SUMMARY: Pursuant to section 11 of the Debt Collection Act of 1982, as amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible for computing and publishing the percentage rate to be used in assessing interest charges for outstanding debts owed to the Government. Treasury’s Cash Management Requirements (TFM Volume I, Part 6, Chapter 8000) prescribe use of this rate by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, 5 CFR 1315.8 of the Prompt Payment rule on ‘‘Rebates’’ requires that this rate be used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate. Notice is hereby given that the applicable rate is 5.00 percent for calendar year 2008. DATES: The rate will be in effect for the period beginning on January 1, 2008, and ending on December 31, 2008. FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the Agency Enterprise Solutions Division, Financial Management Service, Department of the Treasury, 401 14th Street, SW., Washington, DC 20227 (Telephone: 202–874–6650). SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds to the Treasury for use in connection with Federal Cash Management systems and is based on investment rates set for purposes of Public Law 95–147, 91 Stat. 1227. Computed each year by averaging Treasury Tax and Loan (TT&L) investment rates for the 12-month period ending every September 30, rounded to the nearest whole percentage, for applicability effective each January 1, the rate is subject to quarterly revisions if the annual average, on a moving basis, changes by 2 percentage points. The rate in effect for the calendar year 2008 reflects the average investment rates for the 12AGENCY: PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 Proposed Collection; Comment Request for Regulation Project; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice and request for comments. AGENCY: SUMMARY: This document contains corrections to a notice and request for comments (TD 9249) that was published in the Federal Register on Monday, September 17, 2007 (72 FR 52954) inviting the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections. FOR FURTHER INFORMATION CONTACT: Robert Black at (202) 622–6665 (not a toll-free number), or through the internet at Robert.G.Black@irs.gov. SUPPLEMENTARY INFORMATION: Background The notice and request for comments that is the subject of the correction is required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Need for Correction As published, the comment request for TD 9249 contains errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the publication of the comment request for TD 9249, which was the subject of FR Doc. E7–18285, is corrected as follows: 1. On page 52954, column 2, in the preamble, under the caption ‘‘Summary:’’, lines thirteen through nineteen, the language ‘‘existing notice of proposed rulemaking, REG–209619– 93, Escrow Funds and Other Similar Funds (§§ 1.469B–1(k)(2), 1.468B– 1(k)(3)(iv), 1.468B–6(e)(1), 1.468B–6(f), 1.468B–7(d), 1.468B–8(f), 1.468B– 8(g)(1), 1.468B–9(c)(1), and 1.468B– 9(f)(3).’’ is corrected to read ‘‘existing E:\FR\FM\29OCN1.SGM 29OCN1

Agencies

[Federal Register Volume 72, Number 208 (Monday, October 29, 2007)]
[Notices]
[Page 61212]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-5368]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Notice of Rate for Use in Federal Debt Collection and Discount 
and Rebate Evaluation

AGENCY: Financial Management Service, Fiscal Service, Treasury.

SUMMARY: Pursuant to section 11 of the Debt Collection Act of 1982, as 
amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible 
for computing and publishing the percentage rate to be used in 
assessing interest charges for outstanding debts owed to the 
Government. Treasury's Cash Management Requirements (TFM Volume I, Part 
6, Chapter 8000) prescribe use of this rate by agencies as a comparison 
point in evaluating the cost-effectiveness of a cash discount. In 
addition, 5 CFR 1315.8 of the Prompt Payment rule on ``Rebates'' 
requires that this rate be used in determining when agencies should pay 
purchase card invoices when the card issuer offers a rebate. Notice is 
hereby given that the applicable rate is 5.00 percent for calendar year 
2008.

DATES: The rate will be in effect for the period beginning on January 
1, 2008, and ending on December 31, 2008.

FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the 
Agency Enterprise Solutions Division, Financial Management Service, 
Department of the Treasury, 401 14th Street, SW., Washington, DC 20227 
(Telephone: 202-874-6650).

SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds 
to the Treasury for use in connection with Federal Cash Management 
systems and is based on investment rates set for purposes of Public Law 
95-147, 91 Stat. 1227. Computed each year by averaging Treasury Tax and 
Loan (TT&L) investment rates for the 12-month period ending every 
September 30, rounded to the nearest whole percentage, for 
applicability effective each January 1, the rate is subject to 
quarterly revisions if the annual average, on a moving basis, changes 
by 2 percentage points. The rate in effect for the calendar year 2008 
reflects the average investment rates for the 12-month period that 
ended September 30, 2007.

    Dated: October 23, 2007.
Shery Morrow,
Assistant Commissioner, Federal Finance.
[FR Doc. 07-5368 Filed 10-26-07; 8:45 am]
BILLING CODE 4810-35-M