Management of Federal Agency Disbursements Correction

FR: Fiscal Service

Published March 22nd, 2024

Detected March 14th, 2026

Summary

The Department of the Treasury's Fiscal Service is correcting a final rule published on February 21, 2024, concerning the Management of Federal Agency Disbursements. This correction clarifies amendments to the regulation that strengthens the requirement for federal agencies to deliver non-tax payments via electronic funds transfer (EFT). The rule is effective March 22, 2024.

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What changed

The Department of the Treasury's Bureau of the Fiscal Service is issuing a correction to a final rule published on February 21, 2024. The original rule amended the Management of Federal Agency Disbursements regulation to strengthen the mandate for federal agencies to deliver non-tax payments via electronic funds transfer (EFT), unless a waiver is approved by Treasury. This correction specifically addresses an amendment to § 208.4, clarifying revisions to paragraphs (a)(4) and (a)(7) and the addition of a sentence to paragraph (a)(8).

This correction is minor and does not introduce new obligations or penalties. The rule itself, which strengthens the EFT requirement, is effective March 22, 2024. Agencies should ensure their internal processes align with the clarified amendments to the EFT mandate, particularly regarding waiver provisions, by the effective date.

Source document (simplified)

Rule

Management of Federal Agency Disbursements; Correction

A Rule by the Fiscal Service on 03/14/2024

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Public Inspection Published Document: 2024-05385 (89 FR 18543) Document Headings ###### Department of the Treasury

Fiscal Service

31 CFR Part 208
[Docket No. Fiscal-2022-0003]
RIN 1530-AA27

AGENCY:

Bureau of the Fiscal Service, Treasury.

ACTION:

Final rule; correction.

SUMMARY:

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.

DATES:

The final rule is effective March 22, 2024.

FOR FURTHER INFORMATION CONTACT:

Matthew Helfrich, Management and Program Analyst, Bureau of the Fiscal Service at (215) 806-9616.

SUPPLEMENTARY INFORMATION:

In 89 FR 12955 (FR Doc 2024-03204), appearing on page 12955 of the Federal Register published February 21, 2024, the following correction is made:

§ 208.4 [Corrected] 1. On page 12960, in the second column, in part 208, instruction 2d is corrected to read: “Amend § 208.4 by: Revising newly redesignated paragraphs (a)(4) and (a)(7), and adding a sentence at the end of newly redesignated paragraph (a)(8).”

Dated: March 8, 2024.

Lela Anderson,

Attorney-Advisor, FR Liaison.

[FR Doc. 2024-05385 Filed 3-13-24; 8:45 am]

BILLING CODE 4810-AS-P

Published Document: 2024-05385 (89 FR 18543)