Federal Acquisition Regulation; Electronic Funds Transfer
other · US Department of Defense · Rule · Published 1999-03-04 · Effective 1999-05-03 · 64 FR 10538
Document
Document number
99-5206
Federal Register citation
64 FR 10538
CFR reference
48 CFR 13
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
1999-03-04
Effective date
1999-05-03
DOD docket
FAC 97-11
Abstract
The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council have agreed to adopt as final, with changes, the interim rule published in Federal Acquisition Circular 90- 42 on August 29, 1996. The rule amends the Federal Acquisition Regulation (FAR) to address the use of electronic funds transfers (EFT) for Federal contract payments made after January 1, 1999, and to facilitate implementation of Public Law 104-134 which mandates payment by EFT in most situations.