§1018.5. Monetary limitation on Board authority.
49 C.F.R. § 1018.5
The Board's authority to compromise a claim or to terminate or suspend collection action on a claim covered by these procedures is limited by 31 U.S.C. 3711(a) to claims that:
Have not been referred to another Federal agency, including the GAO, for further collection action; and
Do not exceed $100,000, exclusive of interest, penalties, and administrative costs (the monetary limitation).
Notes, amendments, and revision history
Authority
Authority: 31 U.S.C. 3701, 31 U.S.C. 3711 et seq., 49 U.S.C. 1321, 31 CFR parts 900-904.
Source
Source: 58 FR 7749, Feb. 9, 1993, unless otherwise noted.