[Federal Register Volume 84, Number 218 (Tuesday, November 12, 2019)]
[Notices]
[Page 61136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24534]



[[Page 61136]]

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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.

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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 (The Debt 
Collection Act of 1982, as amended). 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 2020 
is 2.00 percent.

DATES: January 1, 2020 through December 31, 2020.

FOR FURTHER INFORMATION CONTACT: Department of the Treasury, Bureau of 
the Fiscal Service, Payment Management, E-Commerce Division (LC-RM 
349B), 3201 Pennsy Drive, Building E, Landover, MD 20785 (Telephone: 
202-874-9428).

SUPPLEMENTARY INFORMATION: 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 2020 reflects the 
average investment rates for the 12-month period that ended September 
30, 2019.
    This percentage rate is used in assessing interest charges for 
outstanding debts owed to the Government, pursuant to the Debt 
Collection Act of 1982, as amended (31 U.S.C. 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 (see 5 CFR 1315.8). Notice is hereby given 
that the applicable rate for calendar year 2020 is 2.00 percent.

(Authority: 31 U.S.C. Section 3717).

Ronda L. Kent,
Assistant Commissioner, Payment Management and Chief Disbursing 
Officer.
[FR Doc. 2019-24534 Filed 11-8-19; 8:45 am]
BILLING CODE 4810-AS-P