96-22135. Federal Acquisition Regulation; Small Entity Compliance Guide

[Federal Register Volume 61, Number 169 (Thursday, August 29, 1996)]
[Rules and Regulations]
[Pages 45775-45776]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-22135]


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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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