22.810—Payments.

(2) It also is a Governmentwide requirement to use electronic funds transfer (EFT) in the payment of any grant for which an application or proposal was submitted or renewed on or after July 26, 1996, unless the recipient has obtained a waiver by submitting to the head of the pertinent Federal agency a certification that it has neither an account with a financial institution nor an authorized payment agent. This requirement is in 31 U.S.C. 3332, as amended by the Debt Collection Improvement Act of 1996 ( section 31001(x)(1)(A), Pub. L. 104-134), and as implemented by Department of Treasury regulations at 31 CFR part 208. As a matter of DoD policy, this requirement applies to cooperative agreements, as well as grants. Within the Department of Defense, the Defense Finance and Accounting Service implements this EFT requirement, and grants officers have collateral responsibilities at the time of award, as described in § 22.605(c), and in postaward administration, as described in § 22.810(c)(3)(iv).

Code of Federal Regulations


Footnote(s): 15 See footnote 13 to § 22.715(a)(4) .
(iv) For each award that is required to be paid by EFT (see § 22.605(c) and ( § 22.810(b)(2) ), shall prominently indicate that fact in the payment authorization.
[63 FR 12164, Mar. 12, 1998, as amended at 70 FR 49467, Aug. 23, 2005]