§ 206.5. Collection and deposit procedure exceptions.
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/us/cfr/t31/s§ 206.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The following collection and deposit timeframe requirements are to be followed in exception cases where EFT mechanisms are not utilized:
(1)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.
(2)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.
(3)When cost-beneficial to the Government, an agency may make multiple deposits.
(b)Any additional exceptions to the above policies are listed in I TFM 6-8000.
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§ 206.5
Collection and deposit procedure exceptions.
Fed. Reg.×2
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