§1261.501. Definition.
14 C.F.R. § 1261.501
Administrative offset—the term, as defined in 31 U.S.C. 3701(a)(1), means “withholding money payable by the United States Government to, or held by the Government for, a person to satisfy a debt the person owes the Government.”
Notes, amendments, and revision history
Source
Source: 52 FR 19487, May 26, 1987, unless otherwise noted.
Authority
Authority: Subparts 1261.4, 1261.5, and 1261.6 issued under 51 U.S.C. 20113; 31 U.S.C. 3711 et seq.; 5 U.S.C. 5514; 31 CFR parts 900 through 904; 5 CFR part 550, subpart K, §§ 550.1101 through 550.1107.
Source
Source: 45 FR 48104, July 18, 1980, unless otherwise noted.