Management of Federal Agency Disbursements

Summary

Chapter 10 of the Omnibus Consolidated Rescission and Appropriations Act of 1996, Pub. L. 104-134, is the Debt Collection Improvement Act of 1996 (the ``Act''). Section 31001(x) of the Act amends 31 U.S.C. 3332 to require Federal agencies to convert from checks to electronic funds transfer in two phases. Phase one affects newly-eligible recipients of Federal payments. During phase one, which begins on July 26, 1996, all recipients of Federal payments (other than payments under the Internal Revenue Code of 1986) who become eligible to receive those payments on or after July 26, 1996, must receive them electronically unless the recipient certifies that the recipient does not have an account at a financial institution or authorized payment agent.

Full text

Any payment that we make to you will be made by electronic funds 
transfer unless you certify in writing that you do not have an 
account with a financial institution or an authorized payment agent.
    I certify that I do not have an account with a financial 
institution or an authorized payment agent.

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Signature

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    Dated: July 23, 1996.
Russell D. Morris,
Commissioner.
[FR Doc. 96-19073 Filed 7-25-96; 8:45 am]
BILLING CODE 4810-35-P  

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