[Federal Register Volume 59, Number 226 (Friday, November 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29066]


[[Page Unknown]]

[Federal Register: November 25, 1994]


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DEPARTMENT OF THE TREASURY

[Treasury Directive Number 11-01]

 

Delegation of Authority With Respect to Synthetic Fuels Projects

November 18, 1994.
    1. Purpose. This Directive states the structure and functions of 
the Office of Synthetic Fuels Projects within the Office of the Deputy 
Assistant Secretary (Government Financial Policy), defines 
responsibilities relating to synthetic fuels projects, and delegates 
certain authority relating to synthetic fuels projects.
    2. Definitions. a. Contract Amendment. An amendment to those 
financial assistance agreements entered into by the United States 
Synthetic Fuels Corporation and the Project sponsors for synthetic 
fuels projects.
    b. Director. The Director, Office of Synthetic Fuels Projects.
    c. Projects. These are synthetic fuels projects for which the 
United States Synthetic Fuels Corporation made legal, valid and binding 
financial assistance awards prior to December 19, 1985.
    d. SFC. The United States Synthetic Fuels Corporation.
    3. Delegation. Each official named in the paragraph 4. is delegated 
the authority necessary to perform that official's functions as 
described.
    4. Responsibilities. a. The Under Secretary (Domestic Finance) is 
responsible for making the final determination, upon receipt of a 
written recommendation of the Deputy Assistant Secretary (Government 
Financial Policy) and the Assistant General Counsel (Banking and 
Finance), on all Contract Amendments which have potential impact on 
either the obligational authority of the United States or the Project's 
finances.
    b. The Deputy Assistant Secretary (Government Financial Policy) 
shall:
    (1) Upon the receipt of a written recommendation of the Director 
and the Assistant General Counsel (Banking and Finance), make the final 
determination on:
    (a) All Contract Amendments not involving changes of obligational 
authority or not having potential impact on a Project's finances;
    (b) All environmental monitoring plans (and revisions thereto) 
required for each Project receiving financial assistance;
    (c) Material Project design amendments; and
    (2) Approve, with the cosignature of the Director:
    (a) Written instructions authorizing guaranteed lenders to make 
loan disbursements in connection with loan guarantees entered into by 
the SFC, pursuant to Section 133 of the Energy Security Act; and
    (b) Payments required to be made in connection with those financial 
assistance agreements entered into by the SFC, pursuant to Section 134 
of the Energy Security Act.
    c. The Director, Office of Synthetic Fuels Projects, is responsible 
for the operational and construction monitoring of Projects and other 
duties as assigned, and shall:
    (1) Review and, if appropriate, provide a written recommendation of 
approval to the Deputy Assistant Secretary (Government Financial 
Policy) for all:
    (a) Contract Amendments; and
    (b) Environmental monitoring plans (and revisions thereto) required 
for each Project receiving financial assistance, taking into 
consideration the comments of the Department of Energy and the 
Environmental Protection Agency in their capacity as members of the 
Monitoring Review Committee established pursuant to each Financial 
Assistance Agreement and the Environmental Monitoring Plan Guidelines 
(48 Federal Register 46676-46685, dated October 13, 1983);
    (2) Approve, upon the recommendation of the contract administrator 
and with the concurrence of the Assistant General Counsel (Banking and 
Finance):
    (a) Changes to Project control documents, as contemplated by the 
financial assistance agreements entered into between the SFC and the 
Project sponsors; and
    (b) Ad hoc waivers to contractual procedures provided for in the 
financial assistance agreements entered into between the SFC and the 
Project sponsors; and
    (3) Approve, with the cosignature of the Deputy Assistant Secretary 
(Government Financial Policy):
    (a) Written instructions authorizing guaranteed lenders to make 
loan disbursements in connection with loan guarantees entered into by 
the SFC pursuant to Section 133 of the Energy Security Act; and
    (b) Payments required to be made in connection with those financial 
assistance agreements entered into by the SFC pursuant to Section 134 
of the Energy Security Act.
    5. Redelegation. The Director, Office of Synthetic Fuels Projects, 
may redelegate to the contract managers the following functions: (a) 
the approval of reports required by contract; and (b) the approval of 
routine procedures specified by contract.
    6. Administrative Support. Administrative support for the 
activities of the Office of Synthetic Fuels Projects shall be provided 
by the appropriate offices within the Office of the Assistant Secretary 
(Management).
    a. The Director, Personnel Resources Division, shall execute any 
necessary documents pertaining to personnel formerly employed by the 
SFC.
    b. The Director, Administrative Operations Division, shall execute 
any necessary documents pertaining to other administrative aspects of 
the SFC.
    7. Cancellation. Treasury Directive 11-01, ``Office of Synthetic 
Fuels Projects,'' dated August 6, 1986, is superseded.
    8. Authorities. a. Subtitle J of the Energy Security Act, Pub. L. 
96-294; Pub. L. 99-190; and Pub. L. 99-272.
    b. Treasury Order 100-04, ``Delegation of Authority to Terminate 
the United States Synthetic Fuels Corporation,'' dated February 25, 
1986.
    9. Reference. Financial Assistance Agreement and the Environmental 
Monitoring Plan Guidelines (48 Federal Register 46676-46685, dated 
October 13, 1983).
    10. Expiration Date. This Directive expires three years from the 
date of issuance unless canceled or superseded by that date.
    11. Office of Primary Interest. Office of Synthetic Fuels Projects, 
Office of the Deputy Assistant Secretary (Government Financial Policy), 
Office of the Under Secretary (Domestic Finance).

Frank N. Newman,
Deputy Secretary of the Treasury.
[FR Doc. 94-29066 Filed 11-23-94; 8:45 am]
BILLING CODE 4810-25-P