Fiscal Service – Federal Register Recent Federal Regulation Documents

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Financial Management Service; Proposed Collection of Information: Schedule of Excess Risks
Document Number: 08-509
Type: Notice
Date: 2008-02-06
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the form ``Schedule of Excess Risks.''
Financial Management Service; Proposed Collection of Information: CMIA Annual Report and Direct Cost Claims
Document Number: 08-348
Type: Notice
Date: 2008-01-29
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the ``CMIA Annual Report and Direct Cost Claims.''
Federal Government Participation in the Automated Clearing House
Document Number: 08-22
Type: Proposed Rule
Date: 2008-01-09
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
We are proposing to amend our regulation which governs the use of the Automated Clearing House (ACH) system by Federal agencies. That regulation adopts, with some exceptions, the ACH Rules developed by NACHAThe Electronic Payments Association (NACHA) as the rules governing the use of the ACH Network by Federal agencies. We are issuing this proposed rule to address changes that NACHA has made to the ACH Rules since the publication of NACHA's 2005 ACH Rules book. We are proposing to adopt, with one exception, all of the changes that NACHA has approved since the issuance of the 2005 ACH Rules book, as reflected in the 2007 ACH Rules book. In addition, the proposed rule would provide two exceptions to the deposit account requirement in the regulation. The regulation requires that an ACH credit entry representing a Federal payment other than a vendor payment be deposited into a deposit account at a financial institution in the name of the recipient. On April 21, 2005, Treasury waived this requirement in order to allow some or all of the amount to be reimbursed to a Federal employee for official travel credit card charges to be disbursed directly to the credit card issuing bank. The proposed rule would codify this waiver. The proposed rule would also provide an exception from the requirements in cases where a Federal payment is to be disbursed through a debit card, stored value card, prepaid card or similar payment card program established by the Financial Management Service (Service).
Surety Companies Acceptable on Federal Bonds: ULLICO Casualty Company
Document Number: 07-6278
Type: Notice
Date: 2008-01-04
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 5 to the Treasury Department Circular 570, 2007 Revision, published July 2, 2007, at 72 FR 36192.
Prompt Payment Interest Rate; Contract Disputes Act
Document Number: 07-6197
Type: Notice
Date: 2007-12-31
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
For the period beginning January 1, 2008, and ending on June 30, 2008, the prompt payment interest rate and the contract disputes interest rate is 4-\3/4\ per centum per annum.
Offering and Governing Regulations for Series EE and Series I Savings Bonds, TreasuryDirect
Document Number: 07-5888
Type: Rule
Date: 2007-12-03
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This rule lowers the annual purchase limitation per person for Series EE and Series I savings bonds, and eliminates the definitive $10,000 denomination for Series I savings bonds.
Surety Companies Acceptable on Federal Bonds: Amendment-Swiss Reinsurance America Corporation
Document Number: 07-5640
Type: Notice
Date: 2007-11-14
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 3 to the Treasury Department Circular 570, 2007 Revision, published July 2, 2007, at 72 FR 36192.
Surety Companies Acceptable on Federal Bonds: Southwest Marine and General Insurance Company
Document Number: 07-5639
Type: Notice
Date: 2007-11-14
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 4 to the Treasury Department Circular 570, 2007 Revision, published July 2, 2007, at 72 FR 36192.
Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System
Document Number: E7-22007
Type: Notice
Date: 2007-11-09
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Department of the Treasury is announcing a new fee schedule applicable to transfers of U.S. Treasury book-entry securities maintained on the National Book-Entry System (NBES) that occur on or after January 2, 2008. The basic fee for the transfer of a Treasury book-entry security will increase from $.26 to $.28. The Federal Reserve funds movement fee will remain at $.05, resulting in a combined fee of $.33 for each Treasury securities transfer. In addition to the basic fee, off-line transfers have a surcharge. The surcharge for an off-line Treasury book-entry transfer will remain $33.00.
Surety Companies Acceptable on Federal Bonds: Commercial Alliance Insurance Company
Document Number: 07-5414
Type: Notice
Date: 2007-10-31
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 2 to the Treasury Department Circular 570, 2007 Revision, published July 2, 2007 at 72 FR 36192.
Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation
Document Number: 07-5368
Type: Notice
Date: 2007-10-29
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
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.
Offset of Tax Refund Payments To Collect Past-Due Support
Document Number: 07-5175
Type: Rule
Date: 2007-10-22
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, Department of the Treasury, is amending its regulations governing the offset of federal tax refund payments to collect past-due child support obligations. We are removing the definition of Qualified child due to a change in the statutory definition on which it is based enacted as part of the Deficit Reduction Act of 2005. This statutory change will allow the tax refund offset program to collect past-due child support on behalf of children who are no longer minors. We are also amending the description of past- due support obligations that qualify for the tax refund offset by removing the requirement that the support be owed to or on behalf of a qualified child.
Payment of Federal Taxes and the Treasury Tax and Loan Program
Document Number: 07-5135
Type: Rule
Date: 2007-10-19
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
As part of an ongoing effort to review and streamline its regulations, the Financial Management Service (FMS) has revised its regulation governing the Treasury Tax and Loan (TT&L) program. The changes update the rule to reflect the reorganization and enhancement of the TT&L program, including changes in terminology, and simplify the rule by deleting procedures and provisions that appear in other regulations or in the Treasury Financial Manual. FMS also has rewritten this regulation in plain language, thus making it clearer and easier to understand.
Surety Companies Acceptable on Federal Bonds; FCCI Insurance Company
Document Number: 07-4203
Type: Notice
Date: 2007-08-28
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 1 to the Treasury Department Circular 570, 2007 Revision, published July 2, 2007, at 72 FR 36192.
Management of Federal Agency Disbursements
Document Number: 07-4053
Type: Rule
Date: 2007-08-20
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
On August 7, 2006, the Financial Management Service (FMS) published an interim final rule amending 31 CFR Part 208 (Part 208) to facilitate the delivery of Federal payments to victims of disasters and emergencies. See 71 FR 44584. The interim final rule was published without prior notice and comment and took effect immediately upon publication due to the need to be prepared to deliver Federal assistance and benefit payments during the 2006 hurricane season. However, we invited comments on the interim rule and indicated that we would consider all comments received. We have reviewed and considered the comments received on the interim rule and are adopting that rule as final without change.
Financial Management Service, Senior Executive Service; Financial Management Service Performance Review Board
Document Number: 07-3531
Type: Notice
Date: 2007-07-20
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This notice announces the appointment of members to the Financial Management Service (FMS) Performance Review Board (PRB).
Surety Companies Acceptable on Federal Bonds-Terminations: Factory Mutual Insurance Company (NAIC #21482), Affiliated FM Insurance Company (NAIC #10014)
Document Number: 07-3239
Type: Notice
Date: 2007-07-05
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 17 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies; Notice
Document Number: 07-3163
Type: Notice
Date: 2007-07-02
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury, Part III
Prompt Payment Interest Rate; Contract Disputes Act
Document Number: 07-3178
Type: Notice
Date: 2007-06-29
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
For the period beginning July 1, 2007, and ending on December 31, 2007, the prompt payment interest rate and the contract disputes interest rate is 5\3/4\ per centum per annum.
Surety Companies Acceptable on Federal Bonds: Bankers Insurance Company
Document Number: 07-3177
Type: Notice
Date: 2007-06-28
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 16 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds-Termination; GE Reinsurance Corporation
Document Number: 07-3176
Type: Notice
Date: 2007-06-28
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 14 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds-Termination: National Reinsurance Corporation
Document Number: 07-3175
Type: Notice
Date: 2007-06-28
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 15 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006 at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds Termination; Fairmont Specialty Insurance Company
Document Number: 07-2956
Type: Notice
Date: 2007-06-15
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 13 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006 at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds Termination; American International Insurance Company of Puerto Rico
Document Number: 07-2780
Type: Notice
Date: 2007-06-05
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 12 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006 at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds-Terminations: The Buckeye Union Insurance Company, The Fidelity and Casualty Company of New York; Firemen's Insurance Company of Newark, NJ
Document Number: 07-2779
Type: Notice
Date: 2007-06-05
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 11 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds: Change in State of Incorporation; the Continental Insurance Company
Document Number: 07-2778
Type: Notice
Date: 2007-06-05
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 10 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Regulations Governing Securities Held in TreasuryDirect
Document Number: 07-2744
Type: Rule
Date: 2007-06-05
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
TreasuryDirect is an account-based, book-entry, online system for purchasing, holding, and conducting transactions in Treasury securities. An account owner currently accesses his or her account using a password to authenticate the account owner's identity. Treasury is now introducing additional customer-based authentication mechanisms for accessing accounts. This final rule provides Treasury the flexibility to require additional methods of authentication for the protection of customer accounts. Treasury is also strengthening its ability to respond to attempted fraud and abuse of TreasuryDirect. Currently, Treasury has the authority to close any account. This rule explicitly permits Treasury to liquidate the securities held in the account to be closed and pay the proceeds to the person entitled.
Financial Management Service; Proposed Collection of Information: Authorization Agreement for Preauthorized Payment (SF 5510)
Document Number: 07-2391
Type: Notice
Date: 2007-05-15
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the Form 5510, ``Authorization Agreement for Preauthorized Payment''.
Surety Companies Acceptable on Federal Bonds: Hudson Insurance Company
Document Number: 07-1954
Type: Notice
Date: 2007-04-20
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplemental No. 8 to the Treasury Department Circular 570; 2006 Revision, published June 30, 2006, at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds: Markel Insurance Company
Document Number: 07-1617
Type: Notice
Date: 2007-04-03
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 9 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds: Clearwater Insurance Company
Document Number: 07-1484
Type: Notice
Date: 2007-03-27
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No.7 to the Treasury Department Circular 570, 2006 Revision, published June 20, 2006, at 71 FR 37694.
Financial Management Service; Proposed Collection of Information: Annual Financial Statement of Surety Companies-Schedule F
Document Number: 07-1483
Type: Notice
Date: 2007-03-27
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the Form FMS-6314 ``Annual Financial Statement of Surety CompaniesSchedule F.''
Sale and Issue of Marketable Book[dash]Entry Treasury Bills, Notes and BondsSecurities Eligible for Purchase in Legacy Treasury Direct
Document Number: C7-209
Type: Rule
Date: 2007-01-23
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
Publication of Changes to Freight Carrier Registration Program and the MTMC Freight Rules Publication 1C on Intransit Visibility of Motor Shipments Through Electronic Data Interchange
Document Number: C7-144
Type: Notice
Date: 2007-01-23
Agency: Department of Defense, Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury, Department of the Army, Army Department
Sale and Issue of Marketable Book-Entry Treasury Bills, Notes and Bonds-Securities Eligible for Purchase in Legacy Treasury Direct
Document Number: 07-209
Type: Rule
Date: 2007-01-18
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This final rule provides that the Department of the Treasury may announce that certain marketable Treasury securities to be offered will not be eligible for purchase or holding in the Legacy Treasury Direct system. Treasury is issuing this amendment to the auction rules because the Legacy Treasury Direct system will eventually be phased out.
Surety Companies Acceptable on Federal Bonds: Name Change-International Business & Mercantile REassurance Company
Document Number: 07-117
Type: Notice
Date: 2007-01-16
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 6 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Administrative Offset Under Reciprocal Agreements With States
Document Number: E7-127
Type: Rule
Date: 2007-01-11
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This interim rule describes the rules applicable to the offset of Federal nontax payments to collect delinquent debts owed to States pursuant to reciprocal agreements between the Secretary of the Treasury and the States. In addition to providing for the offset of Federal nontax payments, the reciprocal agreements will provide for the offset of State payments to collect delinquent, nontax Federal debts. The offsets described in this rule will be processed by the Treasury Offset Program (TOP). The Department of the Treasury's Financial Management Service (FMS) established TOP in order to centralize the process by which Federal payments are withheld or reduced (in other words, offset) to collect delinquent debts. This interim rule specifically applies to the centralized offset of Federal nontax payments by Federal disbursing officials to collect delinquent debts owed to States pursuant to reciprocal agreements. Therefore, this interim rule affects persons who owe delinquent debts to a State of the United States and who receive Federal payments. It also affects persons who owe delinquent, nontax Federal debts and who receive payments from States. This rule does not apply to collection of past-due support debts (see 31 CFR 285.1), the offset of Federal tax refund payments, the offset of Federal salary payments, or the offset of other Federal payments excluded from offset by law.
Application and Renewal Fees Imposed on Surety Companies and Reinsuring Companies; Increase in Fees Imposed
Document Number: 06-9948
Type: Notice
Date: 2007-01-03
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
Effective December 31, 2006, The Department of the Treasury, Financial Management Service, is increasing the fees it imposes on and collects from surety companies and reinsuring companies.
Renegotiation Board Interest Rate; Prompt Interest Rate; Contract Disputes Act
Document Number: 06-9866
Type: Notice
Date: 2006-12-29
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
For the period beginning January 1, 2007, and ending on June 30, 2007, the prompt payment interest rate is 5\1/4\ per centum per annum.
Financial Management Service; Proposed Collection of Information: Direct Deposit Sign-Up Form
Document Number: 06-9858
Type: Notice
Date: 2006-12-27
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the Form 1199A ``Direct Deposit Sign-Up Form'' and Form 1200 ``Go Direct Sign Up Form for Direct Deposit of Federal Benefit Payments.''
Financial Management Service; Proposed Collection of Information: Final Rule-Management of Federal Agency Disbursements
Document Number: 06-9857
Type: Notice
Date: 2006-12-27
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to make this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the ``Final Rule Management of Federal Agency Disbursements.''
Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds-Customer Confirmation Reporting Requirement Threshold Amount
Document Number: E6-21668
Type: Rule
Date: 2006-12-20
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Department of the Treasury (``Treasury,'' ``We,'' or ``Us'') is issuing in final form an amendment to 31 CFR part 356 (Uniform Offering Circular for the Sale and Issue of Marketable Book- Entry Treasury Bills, Notes, and Bonds) that raises the customer confirmation reporting requirement threshold amount from $500 million to $750 million. Beginning on December 31, 2006, any customer awarded a par amount of $750 million or more in a Treasury marketable securities auction must send us a confirmation of its awarded bid(s) by 10 a.m. on the day following the auction. This final rule also clarifies that customer confirmations may now be sent by e-mail as well as by fax or hand delivery.
Financial Management Service; Proposed Collection of Information: Claim Against the United States for the Proceeds of a Government Check
Document Number: 06-9639
Type: Notice
Date: 2006-12-12
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the Form FMS-1133 ``Claim Against the United States for the Proceeds of a Government Check.''
Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System
Document Number: E6-19601
Type: Notice
Date: 2006-11-22
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Department of the Treasury is announcing a new fee schedule for the transfer of book-entry securities maintained on the National Book-Entry System (NBES). This fee schedule will take effect on January 2, 2007. The basic fee for the transfer of a Treasury book- entry security will increase from $.22 to $.26. The Federal Reserve funds movement fee will increase from $.04 to $.05, resulting in a combined fee of $.31 for each Treasury securities transfer. In addition to the basic fee, off-line transfers have a surcharge. The surcharge for an off-line Treasury book- entry transfer in CY 2007 will be $33.00, unchanged from CY 2006.
Surety Companies Acceptable on Federal Bonds: Philadelphia Indemnity Insurance Company
Document Number: 06-9327
Type: Notice
Date: 2006-11-22
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 5 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds: Beazley Insurance Company, Inc
Document Number: 06-9241
Type: Notice
Date: 2006-11-17
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 4 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Surety Companies Acceptable on Federal Bonds: Name Change: American Re-Insurance Company (NAIC #10227)
Document Number: 06-9107
Type: Notice
Date: 2006-11-08
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 3 to the Treasury Department Circular 570, 2006 Revision, published June 30, 2006, at 71 FR 37694.
Obtaining Payments From the Judgment Fund and Under Private Relief Bills
Document Number: Z6-17229
Type: Rule
Date: 2006-10-20
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
Evaluation of the Carcinogenicity of Ethylene Oxide
Document Number: Z6-16921
Type: Notice
Date: 2006-10-20
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Interior, Securities and Exchange Commission, Agencies and Commissions, Department of the Treasury, Mineral Management Service, Environmental Protection Agency
Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation
Document Number: 06-8751
Type: Notice
Date: 2006-10-18
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
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 4.00 percent for calendar year 2007.