§ 247.12 - Funds for losses.

Related Notices
- 95-11984. Final rule. 95-11984. Regulations Governing FedSelect Checks
- 94-25780. Notice of proposed rulemaking. 94-25780. Regulations Governing FedSelect Checks

Latest version.

(a) If collection efforts by the FMS for debts arising under paragraphs (c) and (d) of § 247.10 are unsuccessful, sources of funds for the payment of such losses include FMS appropriations, to the extent available, funds collected from reimbursement fees for services provided by the FMS pursuant to § 247.5(b), and other available sources.

(b) Reimbursement fees paid by agencies to the FMS for FedSelect check services will be retained for payment of uncollectible losses, consistent with all applicable laws.

                    
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