Small Entity Compliance Guide FAC 90-42

[Federal Register: August 29, 1996 (Volume 61, Number 169)]
[Rules and Regulations]
[Page 45775-45776]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

48 CFR Chapter 1

Federal Acquisition Regulation; Small Entity Compliance Guide

AGENCIES: Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Small Entity Compliance Guide.

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SUMMARY: This document is issued under the joint authority of the Secretary of Defense, the Administrator of General Services and the Administrator for the National Aeronautics and Space Administration as the Federal Acquisition Regulation (FAR) Council.

This Small Entity Compliance Guide has been prepared in accordance with Section 212 of the Small Business Regulatory Enforcement Fairness Act of 1996 (Public Law 104-121). It consists of a summary of the rule appearing in Federal Acquisition Circular (FAC) 90-42 which amends the FAR. Further information regarding this rule may be obtained by referring to FAC 90-42 which precedes this notice. This document may be obtained from the Internet at http://www.gsa.gov/far.

FOR FURTHER INFORMATION CONTACT: Beverly Fayson, FAR Secretariat, (202) 501-4755.

[[Page 45776]]

Payment by Electronic Funds Transfer (FAC 90-42, FAR Case 91-118)

This interim rule amends the FAR to add a new Subpart 32.11, Electronic Funds Transfer, which provides policy and procedures for Government payment by electronic funds transfer. The rule replaces the contract clause at 52.232-28, Electronic Funds Transfer Payment Methods, with two new clauses at 52.232-33, Mandatory Information for Electronic Funds Transfer Payment, and 52.232-34, Optional Information for Electronic Funds Transfer Payment. The rule also makes related amendments to Parts 12 and 13 and the clause at 52.212-4, Contract Terms and Conditions--Commercial Items. The rule facilitates implementation of Section 31001(x)(1) of the Debt Collection Improvement Act of 1996 (Pub. L. 104-134). Section 31001(x)(1) amends 31 U.S.C. 3332 to mandate payment by electronic funds transfer in certain situations.

Dated: August 23, 1996.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 96-22135 Filed 8-28-96; 8:45 am]
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