82 FR 49934 - Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate Evaluation
DEPARTMENT OF THE TREASURY
Fiscal Service
Bureau of the Fiscal Service Federal Register Volume 82, Issue 207 (October 27, 2017)
Fiscal Service
Bureau of the Fiscal Service
Federal Register Volume 82, Issue 207 (October 27, 2017)
| Page Range | 49934-49934 | |
| FR Document | 2017-23419 |
[Federal Register Volume 82, Number 207 (Friday, October 27, 2017)] [Notices] [Page 49934] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-23419] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Fiscal Service Bureau of the Fiscal Service Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate Evaluation AGENCY: Bureau of the Fiscal Service, Fiscal Service, Treasury. ACTION: Notice of rate to be used for Federal debt collection, and discount and rebate evaluation. ----------------------------------------------------------------------- SUMMARY: The Secretary of the Treasury is responsible for computing and publishing the percentage rate that is used in assessing interest charges for outstanding debts owed to the Government. This rate is also used by agencies as a comparison point in evaluating the cost- effectiveness of a cash discount. In addition, this rate is 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 for calendar year 2018 is 1.00 percent. DATES: January 1, 2018 through December 31, 2018. FOR FURTHER INFORMATION CONTACT: Denice M. Wilson, E-Commerce Division, Bureau of the Fiscal Service, Department of the Treasury, 401 14th Street SW., Washington, DC 20227 (Telephone: 202-874-9428). SUPPLEMENTARY INFORMATION: This rate is used in assessing interest charges for outstanding debts owed to the Government (The Debt Collection Act of 1982, as amended (codified at 31 U.S.C. Section 3717)). This rate is also used by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, this rate is used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate (5 CFR 1315.8). The rate reflects the current value of funds to the Treasury for use in connection with Federal Cash Management systems and is based on investment rates set for purposes of Public Law 95-147, 91 Stat. 1227 (October 28, 1977). Computed each year by averaging Treasury Tax and Loan (TT&L) investment rates for the 12-month period ending every September 30, rounded to the nearest whole percentage, for applicability effective each January 1. Quarterly revisions are made if the annual average, on a moving basis, changes by 2 percentage points. The rate for calendar year 2018 reflects the average investment rates for the 12-month period that ended September 30, 2017. Authority: 31 U.S.C. Section 3717. Dated: October 16, 2017. Ronda L. Kent, Assistant Commissioner, Payment Management, and Chief Disbursing Officer. [FR Doc. 2017-23419 Filed 10-26-17; 8:45 am] BILLING CODE 4810-AS-P
![49934 Federal Register / Vol. 82, No. 207 / Friday, October 27, 2017 / Notices
Throughout the brake manufacturing machinery brakes required for the SE Street SW., Washington, DC 20227
industry, it is well documented that 3rd Avenue Bascule Bridge (Telephone: 202–874–9428).
there are no brakes made in the United Modification project were unsuccessful. SUPPLEMENTARY INFORMATION: This rate
States that satisfy both the project FTA proposes to grant FDOT a non- is used in assessing interest charges for
requirements and the Buy America availability waiver of the Buy America outstanding debts owed to the
requirements. FDOT engaged in requirements for the motor brakes and Government (The Debt Collection Act of
extensive efforts to identify and locate machinery brakes required for the SE 1982, as amended (codified at 31 U.S.C.
qualified domestically manufactured 3rd Avenue Bascule Bridge Section 3717)). This rate is also used by
brake products, including contacting Modification project. agencies as a comparison point in
numerous known bridge brake FTA is publishing this Notice to seek evaluating the cost-effectiveness of a
manufacturers. FDOT’s recent public and industry comment from all cash discount. In addition, this rate is
experience on similar projects has interested parties in accordance with 49 used in determining when agencies
shown that contractors have been U.S.C. 5323(j)(3)(A). Such information should pay purchase card invoices
unable to locate qualified bridge brakes and comments will help FTA when the card issuer offers a rebate (5
of either the shoe or disc type that have understand completely the facts CFR 1315.8).
all components made in the United surrounding the request, including the The rate reflects the current value of
States. FDOT also has made an merits of the request. After funds to the Treasury for use in
extensive effort to locate qualified consideration of the comments, FTA connection with Federal Cash
domestically made brake products, will publish a second notice in the Management systems and is based on
including contacting known bridge Federal Register with a response to investment rates set for purposes of
brake manufacturers including the comments and noting any changes made Public Law 95–147, 91 Stat. 1227
following manufactures: Johnson to the proposed waiver because of the (October 28, 1977). Computed each year
Industries, Mondel (made by Magnetek), comments received. A full copy of the by averaging Treasury Tax and Loan
Gemco (made by Ametek), Link request has been placed in docket (TT&L) investment rates for the 12-
Controls, Bubenzer, and Hiden. The number FTA–2017–0014. month period ending every September
manufacturers confirmed that they do 30, rounded to the nearest whole
not produce a product that meets both K. Jane Williams,
percentage, for applicability effective
the Buy America provisions in Acting Administrator.
each January 1. Quarterly revisions are
accordance 49 CFR 661.7(c) and 49 [FR Doc. 2017–23381 Filed 10–26–17; 8:45 am]
made if the annual average, on a moving
U.S.C. 5323(j), and the requirements of BILLING CODE P basis, changes by 2 percentage points.
AASHTO MHBDS Articles 5.5, 5.6 and The rate for calendar year 2018 reflects
6. 7 .13. FDOT also conducted an the average investment rates for the 12-
internet search, which revealed several DEPARTMENT OF THE TREASURY month period that ended September 30,
other brake manufacturers, but none 2017.
make a qualified brake in the United Fiscal Service
States. Additionally, FDOT’s program Authority: 31 U.S.C. Section 3717.
management consultant contacted Bureau of the Fiscal Service Dated: October 16, 2017.
several contractors that supply Ronda L. Kent,
machinery and brakes for movable Notice of Rate To Be Used for Federal Assistant Commissioner, Payment
bridges but had no success in locating Debt Collection, and Discount and Management, and Chief Disbursing Officer.
a qualified brake made entirely in the Rebate Evaluation [FR Doc. 2017–23419 Filed 10–26–17; 8:45 am]
United States. FDOT’s Program AGENCY: Bureau of the Fiscal Service, BILLING CODE 4810–AS–P
Management Consultant also has Fiscal Service, Treasury.
discussed this issue with other design
ACTION: Notice of rate to be used for
engineers experienced in movable DEPARTMENT OF VETERANS
bridge machinery design and confirmed Federal debt collection, and discount
and rebate evaluation. AFFAIRS
that they too have not been able to
locate qualified brake products which SUMMARY: The Secretary of the Treasury Notice of Meeting; National Research
are made in the United States. is responsible for computing and Advisory Council
Finally, under 49 U.S.C. 5323(j)(6), publishing the percentage rate that is
FTA cannot deny an application for a The Department of Veterans Affairs
used in assessing interest charges for (VA) gives notice under the Federal
waiver based on non-availability unless outstanding debts owed to the
FTA can certify that (i) the steel, iron, Advisory Committee Act (FACA) that
Government. This rate is also used by the National Research Advisory Council
or manufactured good (the ‘‘item’’) is
agencies as a comparison point in will hold a meeting on Wednesday,
produced in the United States in a
evaluating the cost-effectiveness of a December 6, 2017, at the Atlanta
sufficient and reasonably available
cash discount. In addition, this rate is Veterans Affairs Medical Center,
amount; and (ii) the item produced in
used in determining when agencies Conference Room 5a110 at 1670
the United States is of a satisfactory
should pay purchase card invoices Clairmont Rd., Decatur, Georgia 30033.
quality. Additionally, FTA must provide
when the card issuer offers a rebate. The meeting will convene at 9:00 a.m.
a list of known manufacturers in the
Notice is hereby given that the
asabaliauskas on DSKBBXCHB2PROD with NOTICES
United States from which the item can and end at 4:30 p.m. This meeting is
applicable rate for calendar year 2018 is open to the public.
be obtained. FTA is not aware of any
1.00 percent. The agenda will include scientific
United States manufacturers who
produce the motor brakes and DATES: January 1, 2018 through presentations on animal research,
machinery brakes required for the SE December 31, 2018. mental health, rehabilitation and a
3rd Avenue Bascule Bridge FOR FURTHER INFORMATION CONTACT: facility tour. Additional presentations
Modification project. Denice M. Wilson, E-Commerce will include: Balancing research
FDOT’s efforts to identify domestic Division, Bureau of the Fiscal Service, challenges, an overview of the animal
manufacturers for the motor brakes and Department of the Treasury, 401 14th research program from the Chief
VerDate Sep<11>2014 17:54 Oct 26, 2017 Jkt 244001 PO 00000 Frm 00154 Fmt 4703 Sfmt 4703 E:\FR\FM\27OCN1.SGM 27OCN1](https://thefederalregister.org/doc/82_FR_50141/page/1.svg)
Document Created: 2017-10-27 02:05:51
Document Modified: 2017-10-27 02:05:51
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of rate to be used for Federal debt collection, and discount and rebate evaluation. | |
| Dates | January 1, 2018 through December 31, 2018. | |
| Contact | Denice M. Wilson, E-Commerce Division, Bureau of the Fiscal Service, Department of the Treasury, 401 14th Street SW., Washington, DC 20227 (Telephone: 202-874-9428). | |
| FR Citation | 82 FR 49934 |
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