[Federal Register Volume 61, Number 209 (Monday, October 28, 1996)]
[Rules and Regulations]
[Pages 55578-55579]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27583]
-----------------------------------------------------------------------
GENERAL SERVICES ADMINISTRATION
41 CFR Part 302-6
[FTR Amendment 51]
RIN 3090-AG15
Federal Travel Regulation; Increase in Maximum Reimbursement
Limitations for Real Estate Sale and Purchase Expenses
AGENCY: Office of Governmentwide Policy, GSA.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: This final rule amends the Federal Travel Regulation (FTR) to
increase the maximum dollar limitations on reimbursement for allowable
real estate sale and purchase expenses incident to a change of official
station. Section 5724a(a)(4)(B)(iii) of title 5, United States Code,
requires that the dollar limitations be updated effective October 1 of
each year based on the percent change, if any, in the Consumer Price
Index for All Urban Consumers, United States City Average, Housing
Component, for December of the preceding year over that published for
December of the second preceding year. This final rule will have a
favorable impact on Federal employees authorized to relocate in the
interest of the Government since it increases relocation allowance
maximums.
EFFECTIVE DATE: This final rule is effective October 1, 1996, and
applies to employees whose effective date of transfer is on or after
October 1, 1996. For purposes of this regulation, the effective date of
transfer is on the date on which the employee reports for duty at the
new official station.
FOR FURTHER INFORMATION CONTACT:
Jane E. Groat, Travel and Transportation Management Policy Division
(MTT), Washington, DC 20405, telephone 202-501-1538.
SUPPLEMENTARY INFORMATION: This final rule makes the annual adjustment
to the maximum reimbursement limitations for the sale and purchase of
an employee's residence when the employee transfers in the interest of
the
[[Page 55579]]
Government. The total amount of expenses that may be reimbursed in
connection with the sale of a residence shall not exceed 10 percent of
the actual sale price or $23,070, whichever is the lesser amount. The
total amount of expenses that may be reimbursed in connection with the
purchase of a residence shall not exceed 5 percent of the purchase
price or $11,534, whichever is the lesser amount. The General Services
Administration has determined that this rule is not a significant
regulatory action for the purposes of Executive Order 12866 of
September 30, 1993. This final rule is not required to be published in
the Federal Register for notice or comment. Therefore, the Regulatory
Flexibility Act does not apply.
List of Subjects in 41 CFR Part 302-6
Government employees, Relocation allowances and entitlements,
Transfers.
For the reasons set out in the preamble, 41 CFR part 302-6 is
amended as follows:
PART 302-6--ALLOWANCE FOR EXPENSES INCURRED IN CONNECTION WITH
RESIDENCE TRANSACTIONS
1. The authority citation for part 302-6 continues to read as
follows:
Authority: 5 U.S.C. 5721-5734; 20 U.S.C. 905(a); E.O. 11609, 36
FR 13747, 3 CFR, 1971-1975 Comp., p. 586.
Sec. 302-6.2 [Amended]
2. Section 302-6.2 is amended by removing the amount ``$22,398'' in
paragraph (g)(1) and adding in its place the amount ``$23,070''; and by
removing the amount ``$11,198'' in paragraph (g)(2) and adding in its
place the amount ``$11,534''.
Dated: October 11, 1996.
David J. Barram,
Acting Administrator of General Services.
[FR Doc. 96-27583 Filed 10-25-96; 8:45 am]
BILLING CODE 6820-34-M
