98-1846. Departmental Offices; Delegation of Authority Related to the United States Community Adjustment and Investment Program, and Designation of Representative on the Community Adjustment and Investment Program Finance Committee

[Federal Register Volume 63, Number 17 (Tuesday, January 27, 1998)]
[Notices]
[Pages 3945-3946]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1846]


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DEPARTMENT OF THE TREASURY

[Treasury Directive 13-03]


Departmental Offices; Delegation of Authority Related to the 
United States Community Adjustment and Investment Program, and 
Designation of Representative on the Community Adjustment and 
Investment Program Finance Committee

January 21, 1998.
    1. Purpose. This Directive makes certain delegations and a 
designation to the Assistant Secretary (Financial Markets) relating to 
the United States Community Adjustment and Investment Program (the CAI 
Program) in support of the North American Free Trade Agreement (the 
NAFTA).
    2. Background. The North American Free Trade Agreement 
Implementation Act (Public Law 103-182, 107 Stat. 2057) (the Act) 
authorized the CAI Program in support of the NAFTA. Executive Order 
12916, dated May 13, 1994 (the Executive Order), delegated to the 
Secretary of the Treasury certain functions given to the President 
under the Act relating to the CAI Program. The Executive Order also 
established an interagency Community Adjustment

[[Page 3946]]

and Investment Program Finance Committee (the Finance Committee) to 
implement the CAI Program. Treasury Order (TO) 100-13, ``Delegation of 
Authority Related to the United States Community Adjustment and 
Investment Program in Support of NAFTA and Designation of 
Representative on the Community Adjustment and Investment Program 
Finance Committee,'' delegated to the Under Secretary for Domestic 
Finance, all of the Secretary's authorities under the Executive Order 
and designated the Under Secretary for Domestic Finance as the 
Department of the Treasury's representative on the Finance Committee.
    3. Delegation. a. The duties, powers, rights, and obligations of 
the Secretary of the Treasury under the Executive Order, which are 
vested in the Under Secretary for Domestic Finance pursuant to TO 100-
13, are hereby redelegated to the Assistant Secretary (Financial 
Markets).

OPI: U S (Domestic Finance)

    b. The Department of the Treasury's representative on the Finance 
Committee established by the Executive Order, which is designated as 
the Under Secretary for Domestic Finance pursuant to TO 100-13, is 
hereby redesignated as the Assistant Secretary (Financial Markets).
    4. Redelegation. The Assistant Secretary (Financial Markets) may 
redelegate in writing to an appropriate subordinate official the 
authorities granted under this Directive, and may redesignate in 
writing an appropriate subordinate official as the Department of the 
Treasury's representative on the Finance Committee.
    5. Authority. TO 100-13, ``Delegation of Authority Related to the 
United States Community Adjustment and Investment Program in Support of 
NAFTA and Designation of Representative on the Community Adjustment and 
Investment Program Finance Committee,'' dated August 17, 1995.
    6. Expiration Date. This Directive shall expire three years from 
the date of issuance unless superseded or cancelled prior to that date.
    7. Office of Primary Interest. Office of the Under Secretary for 
Domestic Finance.
John D. Hawke, Jr.,
Under Secretary for Domestic Finance.
[FR Doc. 98-1846 Filed 1-26-98; 8:45 am]
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