Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation, 61735 [E9-28206]

Download as PDF Federal Register / Vol. 74, No. 226 / Wednesday, November 25, 2009 / Notices Waddell, Executive Director at the following address: 2780 Jetport Road, Suite A, Kinston, NC 28504. DEPARTMENT OF THE TREASURY FOR FURTHER INFORMATION CONTACT: Rusty Nealis, Program Manager, Atlanta Airports District Office, 1701 Columbia Ave., Campus Bldg., Suite 2–260, College Park, GA 30337, (404) 305– 7142. The application may be reviewed in person at this same location. Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation Fiscal Service The FAA is reviewing a request by the North Carolina Global TransPark Authority to release 35.19 acres of surplus property at the Kinston Regional Jetport. The surplus property will be used to construct a facility for Spirit AeroSystems. Any person may inspect the request in person at the FAA office listed above under FOR FURTHER INFORMATION CONTACT. In addition, any person may, upon request, inspect the request, notice and other documents germane to the request in person at 2780 Jetport Road, Suite A, Kinston, NC 28504. SUPPLEMENTARY INFORMATION: Issued in Atlanta, Georgia on November 16, 2009. Scott L. Seritt, Manager, Atlanta Airports District Office, Southern Region. [FR Doc. E9–28207 Filed 11–24–09; 8:45 am] sroberts on DSKD5P82C1PROD with NOTICES BILLING CODE M VerDate Nov<24>2008 17:36 Nov 24, 2009 Jkt 220001 AGENCY: Financial Management Service, Fiscal Service, Treasury. ACTION: Notice of rate for use in Federal debt collection and discount and rebate evaluation. 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 1.00 percent for calendar year 2010. PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 61735 DATES: The rate will be in effect for the period beginning on January 1, 2010, and ending on December 31, 2010. 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: 202–874–6720). 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 2010 reflects the average investment rates for the 12month period that ended September 30, 2009. Dated: November 17, 2009. Sheryl R. Morrow, Assistant Commissioner, Federal Finance. [FR Doc. E9–28206 Filed 11–24–09; 8:45 am] BILLING CODE M E:\FR\FM\25NON1.SGM 25NON1

Agencies

[Federal Register Volume 74, Number 226 (Wednesday, November 25, 2009)]
[Notices]
[Page 61735]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-28206]


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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.

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

-----------------------------------------------------------------------

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 1.00 percent for calendar year 
2010.

DATES: The rate will be in effect for the period beginning on January 
1, 2010, and ending on December 31, 2010.

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: 202-874-6720).

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 2010 
reflects the average investment rates for the 12-month period that 
ended September 30, 2009.

    Dated: November 17, 2009.
Sheryl R. Morrow,
Assistant Commissioner, Federal Finance.
[FR Doc. E9-28206 Filed 11-24-09; 8:45 am]
BILLING CODE M