Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation, 41167 [E8-16250]

Download as PDF Federal Register / Vol. 73, No. 138 / Thursday, July 17, 2008 / Notices Mr. Peter Hartman Division Administrator, Federal Highway Administration, 3050 Lakeharbor Lane, Suite 126, Boise, Idaho 83703, Telephone: (208) 334 9180, ext. 116, or Ms. Amy Schroeder, GARVEE Program Engineer, Idaho Transportation Department, P.O. Box 7129, Boise, Idaho 83703–1129, Telephone: (208) 334–8772. SUPPLEMENTARY INFORMATION: mstockstill on PROD1PC66 with NOTICES FOR FURTHER INFORMATION CONTACT: Background The Idaho Transportation Department (ITD) and the Federal Highway Administration (FHWA) are rescinding the Notice of Intent (NOI) to prepare an EIS for a project that has been proposed to evaluate existing transportation improvement needs along approximately 16 miles of Interstate 84 (1–84) in Ada and Canyon Counties, Idaho. The project is officially known as the 1–84 Karcher Interchange to Five Mile Environmental Study (Project No. A010 (002); Key No. 10002). The NOI is being rescinded because the current project development and NEPA process are yielding minimal potential for significant impacts and an EIS is not necessary or appropriate for the environmental evaluation. The I–84 Environmental Study is identified in the COMPASS Communities in Motion: Regional LongRange Transportation Plan 2030 (CIM) as one of several potential transportation needs in the Treasure Valley. The project was initiated with several conceptual alternatives from the previous planning efforts. The initially developed wide range of concept alternatives identified for evaluation in the I–84 Karcher to Five Mile Environmental Study had unknown and much greater potential for impacts. In response, it was thought that an EIS would be the best method to discuss impacts from the broad range of alternatives. This class of action was determined before the purpose and need statement was crafted. Consequently, a Letter of Project Initiation and NOl was published on July 17, 2007 to prepare an EIS. Public input, agency and stakeholder coordination was conducted under the SAFETEA–LU Environmental Review process. Public meetings were held on May 15, May 17, and November 6, 2007 to solicit comments from the public on the purpose and need, alternatives being considered and the alternative screening process. The Participating Agency group convened on August 9 and October 25, 2007. Input from the public and agency meetings assisted in the establishment of the purpose and need for the project, VerDate Aug<31>2005 21:03 Jul 16, 2008 Jkt 214001 and yielded the project range of alternatives to be considered. Some of the concept alternatives initially considered for the action, such as the development of a new corridor to the south and improvement of local streets, did not meet the established purpose and need and were therefore dismissed from further consideration. In addition, environmental scans and screening did not reveal potential for significant impacts from the remaining build alternatives. Subsequently added screening criteria effectively dismissed additional concept alternatives based on their reasonability, practicability, and constructability. Alternatives were developed and advanced into further screening where actual footprints are evaluated for impacts within the project limits. The screened alternatives to be advanced were presented to the public on March 19, 2008 and to participating agencies on April 2, 2008. At this point in the project development process, no significant human or natural environmental impacts are evident in the 1–84 Karcher Interchange to Five Mile Road Environmental Study project that would require an ElS. If, at any point in the environmental process, it is determined that the action is likely to have a significant impact on the environment, the preparation of an EIS will be required. To ensure that the full range of issues related to this proposed action and all significant issues are identified, comments and suggestions are invited from all interested parties regarding this action to rescind the NOl published July 17, 2007 for the highway project in Ada and Canyon County, Idaho. Comments or questions concerning this proposed action should be directed to the FHWA or lTD at the addresses provided above. Peter J. Hartman, Division Administrator, FHWA—Idaho Division. [FR Doc. E8–16053 Filed 7–16–08; 8:45 am] BILLING CODE 4910–RY–M DEPARTMENT OF THE TREASURY Fiscal Service Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation 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 (1 TFM 6–8000) 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 3.00 percent for the remainder of the calendar year. The rate will be in effect for the period beginning on July 1, 2008, and ending on December 31, 2008. DATES: 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). 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. The rate is computed each year by averaging Treasury Tax and Loan (TT&L) investment rates for the 12month 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, which is the case for the quarter ending June 30, 2008. Therefore, the rate in effect for the period July 1, 2008 through December 31, 2008 reflects the average investment rates for the 12-month period that ended June 30, 2008. SUPPLEMENTARY INFORMATION: Dated: July 8, 2008. Sheryl Morrow, Assistant Commissioner, Federal Finance. [FR Doc. E8–16250 Filed 7–16–08; 8:45 am] BILLING CODE 4810–35–M Financial Management Service, Fiscal Service, Treasury. ACTION: Notice of rate for use in Federal debt collection and discount and rebate evaluation. AGENCY: SUMMARY: Pursuant to Section 11 of the Debt Collection Act of 1982, as PO 00000 Frm 00142 Fmt 4703 Sfmt 4703 41167 E:\FR\FM\17JYN1.SGM 17JYN1

Agencies

[Federal Register Volume 73, Number 138 (Thursday, July 17, 2008)]
[Notices]
[Page 41167]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-16250]


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DEPARTMENT OF THE TREASURY

Fiscal Service


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

AGENCY: Financial Management Service, Fiscal Service, Treasury.

ACTION: Notice of rate for use in Federal debt collection and discount 
and rebate evaluation.

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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 (1 TFM 6-8000) 
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 3.00 percent for the remainder of the 
calendar year.

DATES: The rate will be in effect for the period beginning on July 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. The rate is 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, which is the case for the quarter ending June 
30, 2008. Therefore, the rate in effect for the period July 1, 2008 
through December 31, 2008 reflects the average investment rates for the 
12-month period that ended June 30, 2008.

    Dated: July 8, 2008.
Sheryl Morrow,
Assistant Commissioner, Federal Finance.
 [FR Doc. E8-16250 Filed 7-16-08; 8:45 am]
BILLING CODE 4810-35-M