Management of Federal Agency Disbursements; Correction
other · Fiscal Service · Rule · Published 2024-03-14 · Effective 2024-03-22 · 89 FR 18543
Document
Document number
2024-05385
Federal Register citation
89 FR 18543
CFR reference
31 CFR 208
Type
Rule
Action
Final rule; correction.
Category
other
Sub-agency
Fiscal Service
Publication date
2024-03-14
Effective date
2024-03-22
Treasury docket
Docket No. Fiscal-2022-0003
Abstract
The Department of the Treasury ("Treasury"), Bureau of the Fiscal Service ("Fiscal Service") is correcting a final rule that was published in the Federal Register on February 21, 2024, to amend Fiscal Service's Management of Federal Agency Disbursements regulation. The regulation implements a statutory mandate requiring the Federal Government to deliver non-tax payments by electronic funds transfer (EFT) unless Treasury determines that a waiver of the requirement is appropriate. The final rule strengthens the EFT requirement by narrowing the scope of existing waivers from the EFT mandate or requiring agencies to obtain Fiscal Service's approval to invoke certain existing waivers.