§206.5. Collection and deposit procedure exceptions.
31 C.F.R. § 206.5
The following collection and deposit timeframe requirements are to be followed in exception cases where EFT mechanisms are not utilized:
An agency will achieve same-day deposit of monies. Where same day deposit is not cost-effective or is impracticable, next day deposit of monies must be achieved except in those cases covered by I TFM 6-8000.
Deposits will be made at a time of the day prior to the depositary's specified cutoff time, but as late as possible in order to maximize daily deposit amounts.
When cost-beneficial to the Government, an agency may make multiple deposits.
Any additional exceptions to the above policies are listed in I TFM 6-8000.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 31 U.S.C. 321, 3301, 3302, 3321, 3327, 3328, 3332, 3335, 3720, and 6503.
Source
Source: 59 FR 4538, Jan. 31, 1994, unless otherwise noted.